Koninklijke Philips (NYSE:PHG) Sets New 52-Week High at $29.18

Koninklijke Philips (NYSE:PHG - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $29.18 and last traded at $29.18, with a volume of 1380520 shares traded. The stock had previously closed at $21.07.

Analyst Ratings Changes

PHG has been the topic of several research analyst reports. BNP Paribas lowered Koninklijke Philips from an "outperform" rating to an "underperform" rating in a research report on Wednesday, February 7th. StockNews.com raised Koninklijke Philips from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 8th.

Koninklijke Philips Stock Up 26.8 %

The firm has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $20.94. The company has a market capitalization of $24.80 billion, a PE ratio of -47.70, a P/E/G ratio of 1.09 and a beta of 0.88. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its earnings results on Monday, January 29th. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Koninklijke Philips had a positive return on equity of 14.17% and a negative net margin of 2.53%. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.47 billion. Research analysts expect that Koninklijke Philips will post 1.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at approximately $473,000. HighTower Advisors LLC boosted its stake in shares of Koninklijke Philips by 73.9% in the third quarter. HighTower Advisors LLC now owns 28,270 shares of the technology company's stock valued at $562,000 after buying an additional 12,010 shares in the last quarter. Barclays PLC purchased a new stake in shares of Koninklijke Philips in the third quarter valued at approximately $2,310,000. Glenmede Trust Co. NA boosted its stake in shares of Koninklijke Philips by 53.5% in the third quarter. Glenmede Trust Co. NA now owns 34,065 shares of the technology company's stock valued at $679,000 after buying an additional 11,875 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Koninklijke Philips by 29.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company's stock valued at $28,872,000 after buying an additional 328,922 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

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.