Cable Hill Partners LLC Buys New Shares in Koninklijke Philips (NYSE:PHG)

Cable Hill Partners LLC bought a new stake in Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,219 shares of the technology company’s stock, valued at approximately $203,000.

Several other hedge funds have also made changes to their positions in PHG. Millennium Management LLC lifted its stake in shares of Koninklijke Philips by 822.0% in the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after buying an additional 998,995 shares during the period. Dimensional Fund Advisors LP lifted its stake in Koninklijke Philips by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after purchasing an additional 864,951 shares during the period. Jane Street Group LLC lifted its stake in Koninklijke Philips by 361.7% during the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after purchasing an additional 492,881 shares during the period. Bar Harbor Wealth Management bought a new position in Koninklijke Philips during the third quarter worth about $9,877,000. Finally, Summit Securities Group LLC lifted its stake in Koninklijke Philips by 195.3% during the second quarter. Summit Securities Group LLC now owns 210,474 shares of the technology company’s stock worth $5,304,000 after purchasing an additional 139,193 shares during the period. Institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PHG. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Koninklijke Philips Stock Down 0.8 %

Shares of PHG opened at $25.74 on Friday. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of -61.28, a P/E/G ratio of 0.91 and a beta of 0.77. The company has a 50-day moving average price of $30.22 and a two-hundred day moving average price of $28.29. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91.

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.