QRG Capital Management Inc. Acquires 14,090 Shares of Koninklijke Philips N.V. (NYSE:PHG)

QRG Capital Management Inc. boosted its stake in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Koninklijke Philips by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,290,051 shares of the technology company's stock worth $108,624,000 after purchasing an additional 85,994 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Koninklijke Philips by 87.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock worth $56,266,000 after acquiring an additional 1,038,321 shares during the period. Northern Trust Corp grew its holdings in shares of Koninklijke Philips by 36.6% in the fourth quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company's stock worth $40,734,000 after acquiring an additional 430,757 shares during the period. Causeway Capital Management LLC grew its holdings in shares of Koninklijke Philips by 24.0% in the fourth quarter. Causeway Capital Management LLC now owns 1,566,850 shares of the technology company's stock worth $39,673,000 after acquiring an additional 303,428 shares during the period. Finally, Becker Capital Management Inc. grew its stake in shares of Koninklijke Philips by 0.7% during the 4th quarter. Becker Capital Management Inc. now owns 945,542 shares of the technology company's stock valued at $23,941,000 after purchasing an additional 6,475 shares during the period. Institutional investors own 13.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on PHG. Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. Wall Street Zen lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. Finally, BNP Paribas upgraded shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Koninklijke Philips Stock Performance

NYSE:PHG traded up $0.22 during mid-day trading on Friday, hitting $22.28. 1,227,515 shares of the company traded hands, compared to its average volume of 889,968. The stock's fifty day moving average price is $23.72 and its 200-day moving average price is $25.13. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 51.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.60. Koninklijke Philips N.V. has a one year low of $20.61 and a one year high of $31.57.

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

Koninklijke Philips Company 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.