Allworth Financial LP Has $105,000 Stake in Koninklijke Philips (NYSE:PHG)

Allworth Financial LP raised its stake in Koninklijke Philips (NYSE:PHG) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,993 shares of the technology company’s stock after buying an additional 797 shares during the quarter. Allworth Financial LP’s holdings in Koninklijke Philips were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PHG. Wilmington Savings Fund Society FSB bought a new stake in shares of Koninklijke Philips in the third quarter worth about $54,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Koninklijke Philips in the third quarter worth about $107,000. Cable Hill Partners LLC bought a new stake in shares of Koninklijke Philips in the third quarter worth about $203,000. EP Wealth Advisors LLC bought a new stake in shares of Koninklijke Philips in the third quarter worth about $205,000. Finally, Endowment Wealth Management Inc. bought a new stake in shares of Koninklijke Philips in the third quarter worth about $205,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PHG. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Koninklijke Philips presently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

PHG opened at $25.53 on Monday. Koninklijke Philips has a 12-month low of $19.75 and a 12-month high of $32.91. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of -30.40, a PEG ratio of 0.82 and a beta of 0.77. The business has a 50 day moving average of $26.25 and a 200-day moving average of $28.13. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, equities research analysts expect that Koninklijke Philips will post 1.63 earnings per share 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.