Park Avenue Securities LLC Acquires 2,862 Shares of Koninklijke Philips (NYSE:PHG)

Park Avenue Securities LLC lifted its holdings in shares of Koninklijke Philips (NYSE:PHG) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,867 shares of the technology company’s stock after purchasing an additional 2,862 shares during the quarter. Park Avenue Securities LLC’s holdings in Koninklijke Philips were worth $503,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Koninklijke Philips in the 3rd quarter worth $54,000. Eastern Bank bought a new position in shares of Koninklijke Philips during the third quarter worth about $88,000. RPg Family Wealth Advisory LLC acquired a new stake in Koninklijke Philips in the 3rd quarter valued at approximately $107,000. OLD National Bancorp IN bought a new stake in Koninklijke Philips in the 3rd quarter valued at approximately $202,000. Finally, Cable Hill Partners LLC acquired a new position in Koninklijke Philips during the 3rd quarter worth approximately $203,000. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

PHG stock opened at $26.83 on Friday. 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’s fifty day simple moving average is $25.86 and its 200 day simple moving average is $28.07. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91. The firm has a market cap of $25.21 billion, a price-to-earnings ratio of -63.87, a PEG ratio of 0.88 and a beta of 0.77.

Wall Street Analysts Forecast Growth

PHG has been the topic of a number of recent research reports. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips presently has an average rating of “Hold”.

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.