Atlas Capital Advisors LLC bought a new stake in Koninklijke Philips (NYSE:PHG – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 10,618 shares of the technology company’s stock, valued at approximately $268,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth about $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Koninklijke Philips in the first quarter valued at approximately $40,000. Fifth Third Bancorp raised its holdings in shares of Koninklijke Philips by 34.4% during the first quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock valued at $60,000 after buying an additional 770 shares during the last quarter. CWM LLC boosted its position in shares of Koninklijke Philips by 21.9% during the second 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 period. Finally, Blue Trust Inc. grew its holdings in Koninklijke Philips by 902.7% in the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after buying an additional 3,331 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors.
Koninklijke Philips Price Performance
PHG traded down $0.23 during trading on Friday, reaching $30.16. The stock had a trading volume of 559,145 shares, compared to its average volume of 1,014,496. The stock has a 50 day moving average of $27.48 and a two-hundred day moving average of $24.57. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of -31.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72. Koninklijke Philips has a 1-year low of $17.75 and a 1-year high of $30.71.
Wall Street Analysts Forecast Growth
PHG has been the topic of several recent analyst reports. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research note on Monday, May 13th. Finally, BNP Paribas raised shares of Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
View Our Latest Stock Report on Koninklijke Philips
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.
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