International Assets Investment Management LLC Takes $953,000 Position in Koninklijke Philips (NYSE:PHG)

International Assets Investment Management LLC acquired a new stake in Koninklijke Philips (NYSE:PHG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,851 shares of the technology company’s stock, valued at approximately $953,000.

Several other institutional investors have also modified their holdings of PHG. Brandywine Global Investment Management LLC acquired a new stake in Koninklijke Philips in the 3rd quarter valued at about $36,544,000. Envestnet Asset Management Inc. lifted its stake in Koninklijke Philips by 29.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company’s stock valued at $28,872,000 after purchasing an additional 328,922 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Koninklijke Philips during the third quarter worth approximately $4,323,000. FMR LLC grew its position in Koninklijke Philips by 1.7% in the third quarter. FMR LLC now owns 9,516,906 shares of the technology company’s stock worth $189,767,000 after buying an additional 155,055 shares during the last quarter. Finally, Barclays PLC bought a new position in shares of Koninklijke Philips in the third quarter valued at $2,310,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PHG shares. StockNews.com upgraded Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. BNP Paribas lowered shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Koninklijke Philips Price Performance

PHG opened at $20.61 on Tuesday. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $24.27. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $19.14 billion, a P/E ratio of -36.16, a PEG ratio of 1.03 and a beta of 0.88. The stock has a fifty day moving average of $20.37 and a 200-day moving average of $20.88.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.47 billion. Koninklijke Philips had a positive return on equity of 14.17% and a negative net margin of 2.53%. Equities analysts forecast that Koninklijke Philips will post 1.53 EPS for the current fiscal year.

About Koninklijke Philips

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.