Fairscale Capital LLC Invests $54,000 in Koninklijke Philips (NYSE:PHG)

Fairscale Capital LLC purchased a new stake in shares of Koninklijke Philips (NYSE:PHG) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,083 shares of the technology company’s stock, valued at approximately $54,000.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new stake in shares of Koninklijke Philips during the fourth quarter worth $27,000. Allspring Global Investments Holdings LLC acquired a new stake in Koninklijke Philips during the first quarter worth about $40,000. CWM LLC raised its stake in 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 acquiring an additional 616 shares during the period. Headlands Technologies LLC bought a new position in Koninklijke Philips in the first quarter worth about $91,000. Finally, Blue Trust Inc. boosted its stake in Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after acquiring an additional 3,331 shares during the period. 13.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research 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 currently has a consensus rating of “Hold”.

Koninklijke Philips Trading Down 1.1 %

Shares of PHG stock opened at $30.58 on Monday. Koninklijke Philips has a 1 year low of $17.75 and a 1 year high of $31.50. The firm has a market capitalization of $28.74 billion, a PE ratio of -31.85, a price-to-earnings-growth ratio of 1.06 and a beta of 0.73. The stock has a fifty day moving average of $28.88 and a two-hundred day moving average of $25.78. 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 (NYSE:PHG) last announced its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The firm had revenue of $4.80 billion for the quarter. As a group, research analysts expect that Koninklijke Philips will post 1.51 EPS for the current year.

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.