Dimensional Fund Advisors LP Grows Stock Position in Koninklijke Philips (NYSE:PHG)

Dimensional Fund Advisors LP boosted its holdings in Koninklijke Philips (NYSE:PHG) by 27.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,036,336 shares of the technology company’s stock after acquiring an additional 864,951 shares during the period. Dimensional Fund Advisors LP owned 0.43% of Koninklijke Philips worth $101,718,000 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 the business. Principal Securities Inc. purchased a new stake in shares of Koninklijke Philips in the fourth quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Koninklijke Philips during the 1st quarter worth about $40,000. CWM LLC grew its holdings in shares of Koninklijke Philips by 21.9% during the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after buying an additional 616 shares in the last quarter. Blue Trust Inc. raised its position in shares of Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after buying an additional 3,331 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Koninklijke Philips during the first quarter valued at approximately $91,000. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Koninklijke Philips Trading Up 2.2 %

NYSE PHG opened at $30.80 on Wednesday. The company has a market cap of $28.95 billion, a P/E ratio of -32.08, a P/E/G ratio of 1.06 and a beta of 0.73. Koninklijke Philips has a 12 month low of $17.75 and a 12 month high of $31.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The company has a 50-day moving average of $29.06 and a 200-day moving average of $25.91.

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

Koninklijke Philips Company 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.