Koninklijke Philips (NYSE:PHG – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.18 and last traded at $29.18, with a volume of 1380520 shares. The stock had previously closed at $21.07.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on PHG shares. StockNews.com raised shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. BNP Paribas downgraded shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a report on Wednesday, February 7th.
Get Our Latest Stock Report on Koninklijke Philips
Koninklijke Philips Stock Performance
Koninklijke Philips (NYSE:PHG – Get Free Report) last announced its earnings results on Monday, January 29th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Koninklijke Philips had a negative net margin of 2.53% and a positive return on equity of 14.17%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.47 billion. On average, analysts forecast that Koninklijke Philips will post 1.53 earnings per share for the current year.
Institutional Trading of Koninklijke Philips
A number of large investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. bought a new position in Koninklijke Philips during the fourth quarter worth about $27,000. Allspring Global Investments Holdings LLC bought a new position in shares of Koninklijke Philips in the first quarter valued at approximately $40,000. Fifth Third Bancorp boosted its position in shares of Koninklijke Philips by 34.4% in the first quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock valued at $60,000 after acquiring an additional 770 shares during the period. Allworth Financial LP boosted its position in shares of Koninklijke Philips by 113.3% in the third quarter. Allworth Financial LP now owns 3,242 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,722 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Koninklijke Philips by 127.2% in the third quarter. Spire Wealth Management now owns 3,446 shares of the technology company’s stock valued at $69,000 after acquiring an additional 1,929 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.
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.
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