Rhumbline Advisers Has $710,000 Stock Position in Koninklijke Philips (NYSE:PHG)

Rhumbline Advisers increased its holdings in Koninklijke Philips (NYSE:PHG) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,170 shares of the technology company’s stock after acquiring an additional 1,420 shares during the period. Rhumbline Advisers’ holdings in Koninklijke Philips were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHG. Financial Counselors Inc. boosted its holdings in Koninklijke Philips by 0.6% during the 2nd quarter. Financial Counselors Inc. now owns 137,514 shares of the technology company’s stock worth $3,465,000 after acquiring an additional 872 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Koninklijke Philips by 5.2% during the second quarter. Natixis Advisors LLC now owns 930,085 shares of the technology company’s stock valued at $23,438,000 after purchasing an additional 46,268 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Koninklijke Philips during the second quarter worth about $222,000. Commonwealth Equity Services LLC grew its position in Koninklijke Philips by 22.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 67,625 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 12,216 shares in the last quarter. Finally, Foster Group Inc. purchased a new stake in Koninklijke Philips in the 2nd quarter valued at about $223,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $30.80 on Wednesday. The company has a market capitalization of $28.95 billion, a P/E ratio of -32.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.73. The company’s 50-day moving average is $29.06 and its 200 day moving average is $25.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. Koninklijke Philips has a fifty-two week low of $17.75 and a fifty-two week high of $31.50.

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

Analysts Set New Price Targets

Separately, StockNews.com raised 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 given a buy rating to the company. According to MarketBeat.com, Koninklijke Philips currently has a consensus 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.