First Trust Advisors LP Has $970,000 Stake in Koninklijke Philips NV (PHG)
First Trust Advisors LP raised its position in Koninklijke Philips NV (NYSE:PHG) by 70.4% during the second quarter, Holdings Channel reports. The firm owned 38,889 shares of the company’s stock after buying an additional 16,070 shares during the period. First Trust Advisors LP’s holdings in Koninklijke Philips NV were worth $970,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cambiar Investors LLC increased its stake in Koninklijke Philips NV by 6.6% in the second quarter. Cambiar Investors LLC now owns 4,163,464 shares of the company’s stock worth $103,837,000 after buying an additional 258,321 shares in the last quarter. NWQ Investment Management Company LLC increased its stake in Koninklijke Philips NV by 19.5% in the first quarter. NWQ Investment Management Company LLC now owns 3,438,480 shares of the company’s stock worth $98,169,000 after buying an additional 560,665 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in Koninklijke Philips NV by 2.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 814,274 shares of the company’s stock worth $20,308,000 after buying an additional 22,073 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Koninklijke Philips NV by 987.0% in the first quarter. Renaissance Technologies LLC now owns 646,824 shares of the company’s stock worth $18,467,000 after buying an additional 587,319 shares during the period. Finally, Johnston Asset Management LLC raised its stake in shares of Koninklijke Philips NV by 1,536.6% in the second quarter. Johnston Asset Management LLC now owns 472,530 shares of the company’s stock worth $11,785,000 after buying an additional 443,657 shares during the period. Institutional investors own 6.61% of the company’s stock.
Shares of Koninklijke Philips NV (NYSE:PHG) traded down 0.017% on Thursday, hitting $29.735. The stock had a trading volume of 397,639 shares. The firm has a 50 day moving average price of $29.14 and a 200 day moving average price of $27.21. Koninklijke Philips NV has a one year low of $23.00 and a one year high of $30.09. The company has a market capitalization of $27.57 billion, a P/E ratio of 33.790 and a beta of 1.43.
Koninklijke Philips NV (NYSE:PHG) last released its quarterly earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.20. The business had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.91 billion. Koninklijke Philips NV had a return on equity of 2.93% and a net margin of 3.01%. Koninklijke Philips NV’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. On average, equities research analysts predict that Koninklijke Philips NV will post $1.57 earnings per share for the current fiscal year.
PHG has been the topic of a number of recent analyst reports. Zacks Investment Research raised Koninklijke Philips NV from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, September 12th. TheStreet raised Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.00.
About Koninklijke Philips NV
Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
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