Princeton Global Asset Management LLC lifted its holdings in Koninklijke Philips NV (NYSE:PHG) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,407 shares of the technology company’s stock after buying an additional 1,720 shares during the quarter. Koninklijke Philips makes up about 2.0% of Princeton Global Asset Management LLC’s holdings, making the stock its 9th biggest holding. Princeton Global Asset Management LLC’s holdings in Koninklijke Philips were worth $3,495,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of PHG. Morgan Stanley lifted its position in Koninklijke Philips by 59.4% during the 2nd quarter. Morgan Stanley now owns 1,568,350 shares of the technology company’s stock valued at $68,349,000 after acquiring an additional 584,489 shares during the period. Renaissance Technologies LLC increased its stake in shares of Koninklijke Philips by 245.5% during the second quarter. Renaissance Technologies LLC now owns 474,248 shares of the technology company’s stock valued at $20,613,000 after purchasing an additional 336,968 shares in the last quarter. TPG Group Holdings SBS Advisors Inc. increased its stake in shares of Koninklijke Philips by 19.4% during the third quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,513,566 shares of the technology company’s stock valued at $69,821,000 after purchasing an additional 246,011 shares in the last quarter. Edge Capital Group LLC bought a new position in shares of Koninklijke Philips during the second quarter valued at approximately $8,228,000. Finally, Capital Bank & Trust Co lifted its holdings in shares of Koninklijke Philips by 126.4% during the second quarter. Capital Bank & Trust Co now owns 262,527 shares of the technology company’s stock valued at $11,347,000 after purchasing an additional 146,559 shares during the last quarter. Institutional investors own 4.08% of the company’s stock.
Shares of NYSE PHG traded up $0.16 during trading on Tuesday, reaching $46.07. The company had a trading volume of 384,861 shares, compared to its average volume of 670,922. Koninklijke Philips NV has a 12-month low of $32.98 and a 12-month high of $48.84. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average is $44.51 and its 200 day moving average is $44.49. The stock has a market cap of $41.94 billion, a PE ratio of 22.15, a P/E/G ratio of 1.57 and a beta of 1.28.
A number of brokerages have recently commented on PHG. Berenberg Bank reissued a “buy” rating on shares of Koninklijke Philips in a research report on Monday, October 28th. ValuEngine lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Koninklijke Philips in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.
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