Beverly Hills Private Wealth LLC Increases Stock Position in Koninklijke Philips (NYSE:PHG)

Beverly Hills Private Wealth LLC boosted its position in shares of Koninklijke Philips (NYSE:PHG) by 62.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,020 shares of the technology company’s stock after buying an additional 16,952 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Koninklijke Philips were worth $1,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHG. International Assets Investment Management LLC acquired a new position in Koninklijke Philips in the 4th quarter worth about $953,000. Private Advisor Group LLC purchased a new stake in Koninklijke Philips in the 4th quarter worth $368,000. Principal Securities Inc. acquired a new position in Koninklijke Philips during the fourth quarter worth $27,000. BNP Paribas Financial Markets lifted its holdings in Koninklijke Philips by 1,006.5% during the fourth quarter. BNP Paribas Financial Markets now owns 89,402 shares of the technology company’s stock valued at $2,086,000 after purchasing an additional 81,322 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Koninklijke Philips by 4.1% during the 4th quarter. QRG Capital Management Inc. now owns 97,503 shares of the technology company’s stock worth $2,275,000 after purchasing an additional 3,858 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 2.5 %

Shares of NYSE PHG opened at $30.47 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $28.26 and a 200 day moving average of $25.21. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $30.71. The stock has a market cap of $28.64 billion, a PE ratio of -31.73, a P/E/G ratio of 1.04 and a beta of 0.73.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The company had revenue of $4.80 billion for the quarter. As a group, sell-side analysts predict that Koninklijke Philips will post 1.5 EPS for the current fiscal year.

Koninklijke Philips Profile

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.