Summit Trail Advisors LLC Has $769,000 Holdings in Koninklijke Philips (NYSE:PHG)

Summit Trail Advisors LLC lifted its stake in shares of Koninklijke Philips (NYSE:PHG) by 89.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,516 shares of the technology company’s stock after purchasing an additional 14,390 shares during the period. Summit Trail Advisors LLC’s holdings in Koninklijke Philips were worth $769,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. acquired a new position in Koninklijke Philips during the 4th quarter worth $27,000. Dimensional Fund Advisors LP lifted its stake in shares of Koninklijke Philips by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock valued at $69,428,000 after acquiring an additional 296,716 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Koninklijke Philips by 27.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,163 shares of the technology company’s stock valued at $540,000 after acquiring an additional 5,022 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Koninklijke Philips in the fourth quarter worth about $241,000. Finally, Corient Private Wealth LLC raised its holdings in Koninklijke Philips by 21.0% during the 4th quarter. Corient Private Wealth LLC now owns 64,724 shares of the technology company’s stock worth $1,510,000 after purchasing an additional 11,211 shares during the last quarter. 13.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Koninklijke Philips Stock Performance

PHG stock opened at $30.58 on Monday. Koninklijke Philips has a twelve month low of $17.75 and a twelve month high of $31.50. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company has a market cap of $28.74 billion, a P/E ratio of -31.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.73. The business’s fifty day moving average is $28.88 and its 200-day moving average is $25.78.

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

Koninklijke Philips Profile

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.