Rockefeller Capital Management L.P. Has $1.85 Million Stake in Koninklijke Philips N.V. $PHG

Rockefeller Capital Management L.P. raised its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 52.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 68,318 shares of the technology company’s stock after buying an additional 23,492 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Koninklijke Philips were worth $1,850,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Morgan Stanley lifted its stake in shares of Koninklijke Philips by 11.0% in the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after purchasing an additional 282,661 shares during the period. Moore Capital Management LP acquired a new stake in Koninklijke Philips during the fourth quarter worth approximately $5,727,000. Morningstar Investment Management LLC acquired a new stake in Koninklijke Philips during the third quarter worth approximately $5,434,000. Tower Research Capital LLC TRC increased its holdings in Koninklijke Philips by 435.0% in the second quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock worth $5,410,000 after purchasing an additional 183,444 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Koninklijke Philips by 98.1% in the third quarter. Millennium Management LLC now owns 340,340 shares of the technology company’s stock valued at $9,278,000 after buying an additional 168,514 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

Shares of PHG opened at $27.21 on Wednesday. Koninklijke Philips N.V. has a one year low of $23.75 and a one year high of $33.44. The company has a market cap of $26.74 billion, a PE ratio of 23.31, a P/E/G ratio of 7.02 and a beta of 0.74. The stock has a 50-day moving average of $26.68 and a 200-day moving average of $28.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 0.90.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.49 billion. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%. On average, equities research analysts predict that Koninklijke Philips N.V. will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PHG shares. Weiss Ratings cut Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Zacks Research lowered shares of Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.