OLD National Bancorp IN Takes Position in Koninklijke Philips (NYSE:PHG)

OLD National Bancorp IN purchased a new position in shares of Koninklijke Philips (NYSE:PHG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,177 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds have also bought and sold shares of PHG. Wealth Enhancement Advisory Services LLC grew its position in shares of Koninklijke Philips by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,365 shares of the technology company’s stock worth $1,207,000 after purchasing an additional 3,891 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Koninklijke Philips by 12.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock valued at $668,000 after buying an additional 3,040 shares during the period. Sanctuary Advisors LLC acquired a new stake in Koninklijke Philips during the second quarter worth approximately $1,253,000. Sequoia Financial Advisors LLC bought a new position in Koninklijke Philips during the 2nd quarter worth $217,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Koninklijke Philips in the 1st quarter valued at $271,000. 13.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $31.90 on Thursday. The firm has a 50 day moving average of $30.99 and a 200-day moving average of $27.58. The stock has a market capitalization of $29.98 billion, a PE ratio of -33.23, a PEG ratio of 1.05 and a beta of 0.74. 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 $18.06 and a 12 month high of $32.91.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The company had revenue of $4.80 billion during the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. On average, equities research analysts predict that Koninklijke Philips will post 1.59 EPS for the current fiscal 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.