8,912 Shares in Koninklijke Philips (NYSE:PHG) Acquired by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC purchased a new stake in Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,912 shares of the technology company’s stock, valued at approximately $292,000.

Several other institutional investors have also modified their holdings of PHG. Mondrian Investment Partners LTD boosted its holdings in Koninklijke Philips by 45.1% in the first quarter. Mondrian Investment Partners LTD now owns 9,553,058 shares of the technology company’s stock valued at $191,061,000 after purchasing an additional 2,971,008 shares during the period. Millennium Management LLC raised its position in Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after purchasing an additional 998,995 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after buying an additional 864,951 shares during the period. Jane Street Group LLC grew its position in shares of Koninklijke Philips by 361.7% during the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after buying an additional 492,881 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Koninklijke Philips by 36.4% during the first quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company’s stock worth $28,201,000 after buying an additional 376,244 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Trading Down 1.6 %

PHG opened at $31.67 on Monday. The business’s 50-day simple moving average is $31.10 and its 200-day simple moving average is $27.79. The company has a market cap of $29.77 billion, a P/E ratio of -32.99, a PEG ratio of 1.05 and a beta of 0.74. Koninklijke Philips has a one year low of $18.06 and a one year high of $32.91. 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 (NYSE:PHG) last released its quarterly earnings data 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 company had revenue of $4.80 billion for the quarter. As a group, equities research analysts expect that Koninklijke Philips will post 1.59 EPS for the current fiscal 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.