One Capital Management LLC raised its holdings in Koninklijke Philips NV (NYSE:PHG) by 2.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 61,818 shares of the technology company’s stock after acquiring an additional 1,678 shares during the quarter. One Capital Management LLC’s holdings in Koninklijke Philips were worth $2,813,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. New England Asset Management Inc. acquired a new stake in Koninklijke Philips in the 2nd quarter valued at $288,000. US Bancorp DE increased its stake in shares of Koninklijke Philips by 166.3% during the 2nd quarter. US Bancorp DE now owns 82,141 shares of the technology company’s stock worth $3,472,000 after purchasing an additional 51,291 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Koninklijke Philips by 12.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 15,060 shares of the technology company’s stock worth $637,000 after purchasing an additional 1,680 shares during the last quarter. Northern Trust Corp increased its stake in shares of Koninklijke Philips by 4.7% during the 1st quarter. Northern Trust Corp now owns 850,663 shares of the technology company’s stock worth $32,589,000 after purchasing an additional 37,992 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Koninklijke Philips by 28.6% during the 2nd quarter. Sei Investments Co. now owns 10,898 shares of the technology company’s stock worth $460,000 after purchasing an additional 2,423 shares during the last quarter. Hedge funds and other institutional investors own 4.86% of the company’s stock.
PHG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday, June 18th. BNP Paribas upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. ValuEngine upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Credit Suisse Group lowered shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. Finally, Sanford C. Bernstein initiated coverage on shares of Koninklijke Philips in a research note on Thursday, September 13th. They set an “outperform” rating on the stock. 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 company’s stock. Koninklijke Philips has a consensus rating of “Buy” and an average target price of $48.00.
Koninklijke Philips stock opened at $41.78 on Tuesday. The stock has a market cap of $42.15 billion, a PE ratio of 33.69, a PEG 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 current ratio of 1.27, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.
Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 23rd. The technology company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.15). The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.35 billion. Koninklijke Philips had a return on equity of 7.81% and a net margin of 7.30%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Research analysts expect that Koninklijke Philips NV will post 1.85 EPS for the current fiscal year.
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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