Choreo LLC bought a new stake in Koninklijke Philips (NYSE:PHG – Free Report) during the second quarter, Holdings Channel reports. The firm bought 13,150 shares of the technology company’s stock, valued at approximately $330,000.
Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Koninklijke Philips during the fourth quarter valued at about $27,000. Allspring Global Investments Holdings LLC bought a new stake in Koninklijke Philips during the 1st quarter valued at approximately $40,000. CWM LLC grew its holdings in Koninklijke Philips by 21.9% in the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after buying an additional 616 shares during the last quarter. Headlands Technologies LLC bought a new position in Koninklijke Philips in the 1st quarter worth approximately $91,000. Finally, Blue Trust Inc. lifted its holdings 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 worth $93,000 after buying an additional 3,331 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.
Koninklijke Philips Trading Up 0.7 %
Shares of Koninklijke Philips stock opened at $31.20 on Wednesday. The stock has a market capitalization of $29.32 billion, a P/E ratio of -32.49, a price-to-earnings-growth 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 quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $28.63 and a 200 day simple moving average of $25.55.
Analysts Set New Price Targets
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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on PHG
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.
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