Fmr LLC Purchases 35,935 Shares of Koninklijke Philips (NYSE:PHG)

Fmr LLC raised its position in Koninklijke Philips (NYSE:PHG) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,138,708 shares of the technology company’s stock after purchasing an additional 35,935 shares during the period. Fmr LLC owned approximately 0.65% of Koninklijke Philips worth $200,859,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Koninklijke Philips in the 2nd quarter valued at $54,000. CWM LLC increased its holdings in shares of Koninklijke Philips by 21.9% in the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares in the last quarter. Eastern Bank acquired a new stake in shares of Koninklijke Philips during the third quarter worth about $88,000. Blue Trust Inc. lifted its holdings in shares of Koninklijke Philips by 902.7% during the 2nd 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Koninklijke Philips by 182.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,654 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Trading Down 1.4 %

NYSE PHG opened at $26.86 on Tuesday. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of -63.95, a PEG ratio of 0.96 and a beta of 0.77. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The stock’s 50 day moving average price is $29.26 and its two-hundred day moving average price is $28.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.