5,374 Shares in Koninklijke Philips NV (NYSE:PHG) Purchased by HPM Partners LLC

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HPM Partners LLC bought a new position in shares of Koninklijke Philips NV (NYSE:PHG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,374 shares of the technology company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also made changes to their positions in PHG. People s United Financial Inc. increased its holdings in Koninklijke Philips by 2.3% in the second quarter. People s United Financial Inc. now owns 51,247 shares of the technology company’s stock valued at $2,166,000 after buying an additional 1,147 shares in the last quarter. Morningstar Investment Services LLC increased its stake in shares of Koninklijke Philips by 5.4% during the 2nd quarter. Morningstar Investment Services LLC now owns 23,257 shares of the technology company’s stock worth $983,000 after purchasing an additional 1,199 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Koninklijke Philips by 4.0% during the 1st quarter. Stifel Financial Corp now owns 33,865 shares of the technology company’s stock worth $1,298,000 after purchasing an additional 1,291 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Koninklijke Philips by 30.2% during the 2nd quarter. Smithfield Trust Co. now owns 5,874 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,364 shares in the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of Koninklijke Philips by 7.3% during the 2nd quarter. First Republic Investment Management Inc. now owns 24,482 shares of the technology company’s stock worth $1,034,000 after purchasing an additional 1,663 shares in the last quarter. Institutional investors and hedge funds own 4.86% of the company’s stock.

Shares of PHG traded up $0.44 during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 880,371 shares, compared to its average volume of 1,152,520. The firm has a market cap of $42.15 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 4.48 and a beta of 1.14. Koninklijke Philips NV has a fifty-two week low of $35.47 and a fifty-two week high of $46.67. The company has a quick ratio of 0.89, a current ratio of 1.27 and a debt-to-equity ratio of 0.32.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, July 23rd. The technology company reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.15). The company had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.35 billion. Koninklijke Philips had a net margin of 7.30% and a return on equity of 7.81%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. As a group, equities research analysts anticipate that Koninklijke Philips NV will post 1.85 earnings per share for the current year.

A number of research analysts have recently weighed in on PHG shares. Zacks Investment Research cut shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Exane BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 18th. ValuEngine raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Credit Suisse Group cut shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. Finally, BNP Paribas raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Koninklijke Philips has a consensus rating of “Buy” and an average target price of $48.00.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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