QRG Capital Management Inc. Has $3.62 Million Stock Position in Koninklijke Philips N.V. (NYSE:PHG)

QRG Capital Management Inc. increased its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 11.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 142,595 shares of the technology company's stock after purchasing an additional 14,090 shares during the period. QRG Capital Management Inc.'s holdings in Koninklijke Philips were worth $3,622,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHG. Colonial Trust Co SC grew its holdings in Koninklijke Philips by 724.0% during the fourth quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company's stock worth $36,000 after purchasing an additional 1,238 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after buying an additional 582 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Koninklijke Philips during the fourth quarter worth $55,000. Millstone Evans Group LLC acquired a new stake in Koninklijke Philips in the fourth quarter valued at $60,000. Finally, Allworth Financial LP boosted its position in Koninklijke Philips by 24.9% during the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 13.67% of the company's stock.

Koninklijke Philips Stock Down 0.2%

Shares of NYSE:PHG opened at $22.08 on Thursday. The firm has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $25.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.28 and a quick ratio of 0.79. Koninklijke Philips N.V. has a one year low of $20.61 and a one year high of $31.57. The company has a market cap of $20.75 billion, a price-to-earnings ratio of 51.34, a PEG ratio of 0.63 and a beta of 0.76.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.13. Koninklijke Philips had a net margin of 2.11% and a return on equity of 10.97%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the firm posted $0.21 EPS. The firm's revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

PHG has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. BNP Paribas upgraded shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, Wall Street Zen lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research note on Sunday. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.

Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips N.V. (NYSE:PHG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.