Voloridge Investment Management LLC Invests $1.48 Million in Koninklijke Philips NV (NYSE:PHG)

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Voloridge Investment Management LLC bought a new stake in shares of Koninklijke Philips NV (NYSE:PHG) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 32,091 shares of the technology company’s stock, valued at approximately $1,480,000.

A number of other large investors also recently added to or reduced their stakes in PHG. Galibier Capital Management Ltd. lifted its position in Koninklijke Philips by 0.5% in the 2nd quarter. Galibier Capital Management Ltd. now owns 48,926 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 243 shares in the last quarter. Profund Advisors LLC lifted its position in shares of Koninklijke Philips by 1.4% in the second quarter. Profund Advisors LLC now owns 17,149 shares of the technology company’s stock valued at $747,000 after buying an additional 243 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Koninklijke Philips by 1.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 21,102 shares of the technology company’s stock worth $920,000 after acquiring an additional 321 shares during the period. Creative Planning increased its holdings in shares of Koninklijke Philips by 7.9% during the 3rd quarter. Creative Planning now owns 6,541 shares of the technology company’s stock worth $302,000 after acquiring an additional 479 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Koninklijke Philips by 47.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,494 shares of the technology company’s stock worth $65,000 after acquiring an additional 482 shares during the last quarter. Hedge funds and other institutional investors own 4.08% of the company’s stock.

Shares of NYSE:PHG opened at $46.48 on Friday. Koninklijke Philips NV has a 12-month low of $32.98 and a 12-month high of $48.84. The business has a 50 day moving average of $44.70 and a 200-day moving average of $44.58. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The stock has a market cap of $41.85 billion, a PE ratio of 22.35, a P/E/G ratio of 1.57 and a beta of 1.28.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, October 28th. The technology company reported $0.51 earnings per share for the quarter. The company had revenue of $5.23 billion for the quarter. Koninklijke Philips had a return on equity of 14.60% and a net margin of 6.76%. Equities research analysts expect that Koninklijke Philips NV will post 2.09 earnings per share for the current year.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Koninklijke Philips in a report on Thursday, August 29th. Berenberg Bank restated a “buy” rating on shares of Koninklijke Philips in a research note on Monday, October 28th. Finally, ValuEngine cut shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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

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