Vestmark Advisory Solutions Inc. Buys 64,710 Shares of Koninklijke Philips N.V. $PHG

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Koninklijke Philips N.V. by 105.6% during the first quarter, now owning 125,976 shares valued at approximately $3.2 million.
• Koninklijke Philips recently reported $5.05 billion in revenue for the quarter, significantly surpassing analyst estimates of $4.35 billion, while posting earnings per share of $0.41.
• Analysts have mixed ratings for Koninklijke Philips, with two analysts recommending a "hold" and three giving a "buy" or "strong buy" rating, resulting in an average recommendation of "Moderate Buy."

Vestmark Advisory Solutions Inc. grew its holdings in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 105.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,976 shares of the technology company's stock after acquiring an additional 64,710 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Koninklijke Philips were worth $3,200,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Colonial Trust Co SC grew its holdings in shares of Koninklijke Philips by 724.0% in the 4th 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 last quarter. Bessemer Group Inc. lifted its stake in Koninklijke Philips by 2,935.4% in the first quarter. Bessemer Group Inc. now owns 1,973 shares of the technology company's stock valued at $51,000 after buying an additional 1,908 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Koninklijke Philips by 1,170.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,439 shares of the technology company's stock valued at $62,000 after buying an additional 2,247 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Koninklijke Philips in the fourth quarter valued at approximately $114,000. Finally, Allworth Financial LP increased its holdings in Koninklijke Philips by 16.2% during the first quarter. Allworth Financial LP now owns 4,638 shares of the technology company's stock worth $115,000 after buying an additional 645 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Koninklijke Philips currently has a consensus rating of "Buy".

Koninklijke Philips Price Performance

Shares of NYSE PHG traded down $0.2970 during midday trading on Thursday, hitting $27.4630. 148,017 shares of the company's stock were exchanged, compared to its average volume of 993,087. Koninklijke Philips N.V. has a 12-month low of $21.48 and a 12-month high of $32.91. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69. The company has a market cap of $26.44 billion, a price-to-earnings ratio of 144.66, a PEG ratio of 0.75 and a beta of 0.75. The business's fifty day moving average price is $25.03 and its two-hundred day moving average price is $25.01.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The technology company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.12. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.35 billion. Koninklijke Philips had a return on equity of 11.95% and a net margin of 1.00%. As a group, research analysts forecast that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

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.