Fairscale Capital LLC Acquires Shares of 2,083 Koninklijke Philips (NYSE:PHG)

Fairscale Capital LLC acquired a new position in shares of Koninklijke Philips (NYSE:PHG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,083 shares of the technology company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds also recently modified their holdings of PHG. Gabelli Funds LLC lifted its position in Koninklijke Philips by 3.4% during the 2nd quarter. Gabelli Funds LLC now owns 38,951 shares of the technology company’s stock worth $982,000 after acquiring an additional 1,286 shares in the last quarter. Holderness Investments Co. raised its stake in shares of Koninklijke Philips by 3.4% during the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock valued at $424,000 after purchasing an additional 546 shares during the period. Nkcfo LLC lifted its position in shares of Koninklijke Philips by 3.4% during the second quarter. Nkcfo LLC now owns 106,414 shares of the technology company’s stock worth $2,682,000 after purchasing an additional 3,514 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of Koninklijke Philips by 89.2% during the second quarter. Summit Trail Advisors LLC now owns 30,516 shares of the technology company’s stock worth $769,000 after purchasing an additional 14,390 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Koninklijke Philips in the second quarter valued at $447,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Koninklijke Philips Trading Down 1.1 %

Shares of PHG opened at $30.58 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. Koninklijke Philips has a one year low of $17.75 and a one year high of $31.50. The stock has a 50-day moving average price of $28.88 and a 200 day moving average price of $25.78. The company has a market capitalization of $28.74 billion, a P/E ratio of -31.85, a P/E/G ratio of 1.06 and a beta of 0.73.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The company had revenue of $4.80 billion during the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. Sell-side analysts forecast that Koninklijke Philips will post 1.51 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.