Public Employees Retirement System of Ohio Purchases 73,138 Shares of Koninklijke Philips N.V. (NYSE:PHG)

Public Employees Retirement System of Ohio boosted its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 116.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,138 shares of the technology company’s stock after buying an additional 73,138 shares during the period. Public Employees Retirement System of Ohio’s holdings in Koninklijke Philips N.V. were worth $4,371,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Salem Capital Management Inc. raised its stake in shares of Koninklijke Philips N.V. by 0.3% in the first quarter. Salem Capital Management Inc. now owns 79,091 shares of the technology company’s stock worth $2,540,000 after buying an additional 212 shares during the last quarter. Regentatlantic Capital LLC purchased a new stake in shares of Koninklijke Philips N.V. during the first quarter worth approximately $367,000. Bank of Montreal Can raised its stake in shares of Koninklijke Philips N.V. by 34.2% in the first quarter. Bank of Montreal Can now owns 41,742 shares of the technology company’s stock worth $1,341,000 after buying an additional 10,637 shares during the last quarter. Highland Capital Management LLC raised its stake in shares of Koninklijke Philips N.V. by 12.2% in the first quarter. Highland Capital Management LLC now owns 92,455 shares of the technology company’s stock worth $2,969,000 after buying an additional 10,050 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Koninklijke Philips N.V. by 11.3% in the first quarter. Raymond James Trust N.A. now owns 9,518 shares of the technology company’s stock worth $306,000 after buying an additional 966 shares during the last quarter. 7.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Koninklijke Philips N.V. (NYSE PHG) opened at 36.01 on Wednesday. The firm has a 50-day moving average price of $35.89 and a 200-day moving average price of $32.32. The company has a market capitalization of $33.14 billion, a P/E ratio of 17.74 and a beta of 1.34. Koninklijke Philips N.V. has a one year low of $24.49 and a one year high of $38.21.

Koninklijke Philips N.V. (NYSE:PHG) last issued its earnings results on Monday, April 24th. The technology company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Koninklijke Philips N.V. had a return on equity of 9.80% and a net margin of 6.67%. Koninklijke Philips N.V.’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Equities analysts forecast that Koninklijke Philips N.V. will post $1.95 earnings per share for the current year.

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A number of brokerages have recently commented on PHG. Deutsche Bank AG lowered Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Natixis lowered Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Canaccord Genuity reissued a “buy” rating and set a $37.00 price target on shares of Koninklijke Philips N.V. in a research note on Monday, July 3rd. Zacks Investment Research downgraded Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Finally, Societe Generale downgraded Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $35.67.

Koninklijke Philips N.V. Company Profile

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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

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