Capital Insight Partners LLC Increases Stock Holdings in Koninklijke Philips NV (NYSE:PHG)

Capital Insight Partners LLC grew its position in Koninklijke Philips NV (NYSE:PHG) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,959 shares of the technology company’s stock after buying an additional 534 shares during the quarter. Capital Insight Partners LLC’s holdings in Koninklijke Philips were worth $1,023,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PHG. Bank of New York Mellon Corp lifted its position in Koninklijke Philips by 20.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 31,312 shares of the technology company’s stock worth $1,364,000 after acquiring an additional 5,402 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Koninklijke Philips in the 2nd quarter valued at approximately $444,000. Jane Street Group LLC bought a new stake in shares of Koninklijke Philips in the 2nd quarter valued at approximately $407,000. Eaton Vance Management increased its holdings in shares of Koninklijke Philips by 54.5% in the 2nd quarter. Eaton Vance Management now owns 8,390 shares of the technology company’s stock valued at $366,000 after acquiring an additional 2,960 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Koninklijke Philips by 21.6% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,088 shares of the technology company’s stock valued at $178,000 after acquiring an additional 725 shares during the last quarter. Institutional investors and hedge funds own 4.02% of the company’s stock.

PHG traded down $1.14 during trading on Monday, reaching $48.94. 126,165 shares of the company were exchanged, compared to its average volume of 421,635. The stock has a market cap of $45.19 billion, a P/E ratio of 30.97, a PEG ratio of 1.56 and a beta of 1.27. The firm has a 50 day moving average of $48.83 and a 200 day moving average of $46.40. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. Koninklijke Philips NV has a 52 week low of $36.68 and a 52 week high of $50.78.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, October 28th. The technology company reported $0.51 EPS for the quarter. Koninklijke Philips had a return on equity of 14.60% and a net margin of 6.76%. The firm had revenue of $5.23 billion during the quarter. As a group, analysts forecast that Koninklijke Philips NV will post 2.09 earnings per share for the current fiscal year.

A number of brokerages recently commented on PHG. Bank of America upped their price objective on Koninklijke Philips from $45.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Roth Capital restated a “buy” rating on shares of Koninklijke Philips in a research note on Tuesday, January 21st. ValuEngine downgraded Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Morgan Stanley upgraded Koninklijke Philips from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 6th. They noted that the move was a valuation call. Finally, Berenberg Bank restated a “buy” rating on shares of Koninklijke Philips in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.

About Koninklijke Philips

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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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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