Koninklijke Philips (NYSE:PHG) Stock Holdings Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Koninklijke Philips (NYSE:PHG) by 22.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,057 shares of the technology company’s stock after buying an additional 3,629 shares during the period. BNP Paribas Financial Markets’ holdings in Koninklijke Philips were worth $656,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Advisors LLC acquired a new stake in Koninklijke Philips during the 1st quarter worth about $273,000. CWM LLC grew its position in Koninklijke Philips by 21.9% during the second 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. SG Americas Securities LLC increased its stake in Koninklijke Philips by 3.4% in the 2nd quarter. SG Americas Securities LLC now owns 30,698 shares of the technology company’s stock valued at $774,000 after buying an additional 1,013 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Koninklijke Philips in the 2nd quarter worth approximately $217,000. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Koninklijke Philips by 12.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock valued at $668,000 after buying an additional 3,040 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 1.6 %

NYSE:PHG opened at $25.63 on Friday. The company has a market cap of $24.09 billion, a PE ratio of -61.02, a PEG ratio of 0.93 and a beta of 0.76. The stock has a 50-day simple moving average of $28.39 and a 200 day simple moving average of $28.22. 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 52-week low of $19.55 and a 52-week high of $32.91.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PHG shares. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Koninklijke Philips presently has a consensus rating of “Hold”.

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.