Sei Investments Co. Acquires 22,039 Shares of Koninklijke Philips N.V. $PHG

Sei Investments Co. lifted its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 486,941 shares of the technology company’s stock after acquiring an additional 22,039 shares during the quarter. Sei Investments Co. owned 0.05% of Koninklijke Philips worth $13,343,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its stake in Koninklijke Philips by 116.9% in the 1st quarter. Cetera Investment Advisers now owns 85,288 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 45,968 shares during the period. NewEdge Wealth LLC raised its stake in shares of Koninklijke Philips by 8.5% during the 1st quarter. NewEdge Wealth LLC now owns 101,989 shares of the technology company’s stock worth $2,794,000 after purchasing an additional 8,003 shares during the period. First Trust Advisors LP raised its stake in shares of Koninklijke Philips by 1.1% during the 1st quarter. First Trust Advisors LP now owns 59,131 shares of the technology company’s stock worth $1,620,000 after purchasing an additional 625 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Koninklijke Philips by 8.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 43,581 shares of the technology company’s stock worth $1,194,000 after buying an additional 3,225 shares during the last quarter. Finally, Investment Management Associates Inc. ADV boosted its holdings in shares of Koninklijke Philips by 1.5% in the 1st quarter. Investment Management Associates Inc. ADV now owns 515,007 shares of the technology company’s stock worth $14,111,000 after buying an additional 7,743 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PHG has been the subject of a number of recent research reports. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Koninklijke Philips has a consensus rating of “Reduce”.

Koninklijke Philips Stock Up 1.4%

PHG opened at $26.48 on Friday. The company has a 50 day moving average of $26.66 and a 200 day moving average of $27.95. The company has a market cap of $26.02 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 5.62 and a beta of 0.75. Koninklijke Philips N.V. has a 12 month low of $23.85 and a 12 month high of $33.44. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 0.55.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.49 billion. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. On average, sell-side analysts expect that Koninklijke Philips N.V. will post 1.87 EPS for the current year.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.