Kovitz Investment Group Partners LLC Grows Position in Koninklijke Philips (NYSE:PHG)

Kovitz Investment Group Partners LLC boosted its position in Koninklijke Philips (NYSE:PHG) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,186 shares of the technology company’s stock after acquiring an additional 3,418 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Koninklijke Philips were worth $2,462,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in shares of Koninklijke Philips in the 2nd quarter valued at $54,000. Eastern Bank purchased a new position in Koninklijke Philips in the third quarter valued at $88,000. RPg Family Wealth Advisory LLC acquired a new stake in Koninklijke Philips in the third quarter valued at $107,000. CWM LLC lifted its holdings in Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after buying an additional 616 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Koninklijke Philips by 902.7% during the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after acquiring an additional 3,331 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.3 %

PHG opened at $26.29 on Tuesday. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. The stock has a market capitalization of $24.71 billion, a P/E ratio of -62.58, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76. The business’s 50-day simple moving average is $28.65 and its 200-day simple moving average is $28.24.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PHG shares. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Koninklijke Philips Company 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.