Clifford Capital Partners LLC Invests $201,000 in Koninklijke Philips (NYSE:PHG)

Clifford Capital Partners LLC purchased a new position in shares of Koninklijke Philips (NYSE:PHG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,984 shares of the technology company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Koninklijke Philips during the first quarter valued at approximately $40,000. Fairscale Capital LLC purchased a new stake in Koninklijke Philips in the second quarter worth $54,000. CWM LLC lifted its position 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 purchasing an additional 616 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after purchasing an additional 3,331 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Koninklijke Philips in the first quarter worth about $91,000. 13.67% of the stock is owned by hedge funds and other 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 report on Monday, July 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Koninklijke Philips Price Performance

PHG opened at $32.66 on Wednesday. The company has a market capitalization of $30.70 billion, a price-to-earnings ratio of -34.02, a PEG ratio of 1.02 and a beta of 0.73. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $32.91. The business’s fifty day simple moving average is $29.67 and its 200-day simple moving average is $26.29.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share (EPS) for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The company had revenue of $4.80 billion for the quarter. On average, equities research analysts anticipate that Koninklijke Philips will post 1.57 earnings per share for the current fiscal year.

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.