Sei Investments Co. Buys 22,039 Shares of Koninklijke Philips N.V. $PHG

Sei Investments Co. lifted its position in Koninklijke Philips N.V. (NYSE:PHG) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,941 shares of the technology company’s stock after buying an additional 22,039 shares during the quarter. Sei Investments Co.’s holdings in Koninklijke Philips were worth $13,343,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. M&T Bank Corp grew its holdings in shares of Koninklijke Philips by 823.3% during the 4th quarter. M&T Bank Corp now owns 135,990 shares of the technology company’s stock valued at $3,683,000 after acquiring an additional 121,261 shares in the last quarter. Carmel Capital Partners LLC increased its stake in shares of Koninklijke Philips by 58.0% in the fourth quarter. Carmel Capital Partners LLC now owns 115,627 shares of the technology company’s stock worth $3,131,000 after acquiring an additional 42,446 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Koninklijke Philips by 28.2% during the third quarter. JPMorgan Chase & Co. now owns 112,322 shares of the technology company’s stock worth $3,062,000 after acquiring an additional 24,706 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of Koninklijke Philips by 6.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock worth $46,740,000 after acquiring an additional 107,356 shares in the last quarter. Finally, Timber Creek Capital Management LLC boosted its position in Koninklijke Philips by 20.5% during the fourth quarter. Timber Creek Capital Management LLC now owns 130,646 shares of the technology company’s stock valued at $3,538,000 after purchasing an additional 22,244 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Stock Up 1.4%

Koninklijke Philips stock opened at $26.48 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.90 and a debt-to-equity ratio of 0.55. Koninklijke Philips N.V. has a 1-year low of $23.85 and a 1-year high of $33.44. The firm’s fifty day simple moving average is $26.66 and its 200-day simple moving average is $27.95. The company has a market capitalization of $26.02 billion, a P/E ratio of 19.51, a P/E/G ratio of 5.62 and a beta of 0.75.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. Sell-side analysts forecast that Koninklijke Philips N.V. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PHG has been the topic of a number of recent research reports. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered Koninklijke Philips from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings cut Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Koninklijke Philips has an average rating of “Reduce”.

Koninklijke Philips Profile

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.