Ballentine Partners LLC Makes New Investment in Koninklijke Philips (NYSE:PHG)

Ballentine Partners LLC acquired a new stake in shares of Koninklijke Philips (NYSE:PHG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,709 shares of the technology company’s stock, valued at approximately $219,000.

Several other large investors also recently made changes to their positions in PHG. Principal Securities Inc. acquired a new stake in Koninklijke Philips in the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC acquired a new stake in Koninklijke Philips in the 1st quarter valued at $40,000. CWM LLC increased its stake in Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after purchasing an additional 616 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Koninklijke Philips in the first quarter valued at $91,000. Finally, Blue Trust Inc. lifted its stake in shares of Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after buying an additional 3,331 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Koninklijke Philips Trading Up 1.0 %

NYSE PHG opened at $30.76 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $28.36 and a 200 day simple moving average of $25.25. Koninklijke Philips has a 12 month low of $17.75 and a 12 month high of $30.84. The firm has a market capitalization of $28.91 billion, a P/E ratio of -32.04, a PEG ratio of 1.04 and a beta of 0.73.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The company had revenue of $4.80 billion during the quarter. On average, analysts predict that Koninklijke Philips will post 1.5 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.