Koninklijke Philips (NYSE:PHG) Shares Bought by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of Koninklijke Philips (NYSE:PHG) by 2,883.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 982,199 shares of the technology company’s stock after buying an additional 949,278 shares during the period. Bank of Montreal Can owned 0.10% of Koninklijke Philips worth $32,157,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PHG. Millennium Management LLC grew its stake in shares of Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after purchasing an additional 998,995 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after purchasing an additional 864,951 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Koninklijke Philips by 361.7% in the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after purchasing an additional 492,881 shares during the last quarter. Bar Harbor Wealth Management purchased a new position in shares of Koninklijke Philips in the 3rd quarter valued at approximately $9,877,000. Finally, Summit Securities Group LLC grew its stake in shares of Koninklijke Philips by 195.3% in the 2nd quarter. Summit Securities Group LLC now owns 210,474 shares of the technology company’s stock valued at $5,304,000 after purchasing an additional 139,193 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.9 %

Koninklijke Philips stock opened at $27.15 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a 1-year low of $19.49 and a 1-year high of $32.91. The company has a market cap of $25.52 billion, a PE ratio of -64.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.77. The stock’s 50 day moving average price is $29.33 and its 200 day moving average price is $28.27.

Analyst Upgrades and Downgrades

PHG has been the topic of several analyst reports. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Koninklijke Philips

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.