Pitcairn Co. Buys Shares of 7,831 Koninklijke Philips (NYSE:PHG)

Pitcairn Co. purchased a new stake in shares of Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 7,831 shares of the technology company’s stock, valued at approximately $256,000.

Other large investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $54,000. Eastern Bank acquired a new stake in shares of Koninklijke Philips in the 3rd quarter valued at $88,000. CWM LLC boosted its holdings in 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 purchasing an additional 616 shares in the last quarter. Blue Trust Inc. increased its position in Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after buying an additional 3,331 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Koninklijke Philips by 182.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company’s stock valued at $143,000 after buying an additional 3,654 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PHG. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Koninklijke Philips has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 0.9 %

PHG stock opened at $27.15 on Thursday. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of -64.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.77. The company has a 50-day moving average of $29.40 and a two-hundred day moving average of $28.27. Koninklijke Philips has a 52-week low of $19.49 and a 52-week high of $32.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

About Koninklijke Philips

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.