NGAM Advisors L.P. increased its stake in shares of Koninklijke Philips N.V. (NYSE:PHG) by 81.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 171,292 shares of the technology company’s stock after buying an additional 76,789 shares during the period. NGAM Advisors L.P.’s holdings in Koninklijke Philips N.V. were worth $6,136,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC acquired a new stake in Koninklijke Philips N.V. during the first quarter valued at $122,000. IFP Advisors Inc boosted its stake in Koninklijke Philips N.V. by 10.5% in the first quarter. IFP Advisors Inc now owns 4,748 shares of the technology company’s stock valued at $152,000 after buying an additional 452 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Koninklijke Philips N.V. during the first quarter valued at $156,000. Northwestern Mutual Wealth Management Co. boosted its stake in Koninklijke Philips N.V. by 47.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,959 shares of the technology company’s stock valued at $159,000 after buying an additional 1,607 shares during the last quarter. Finally, Comerica Securities Inc. acquired a new stake in Koninklijke Philips N.V. during the first quarter valued at $209,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

Koninklijke Philips N.V. (NYSE:PHG) opened at 38.01 on Friday. The firm’s 50-day moving average price is $36.61 and its 200 day moving average price is $33.39. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 20.79 and a beta of 1.34. Koninklijke Philips N.V. has a 52-week low of $26.17 and a 52-week high of $38.61.

Koninklijke Philips N.V. (NYSE:PHG) last released its earnings results on Monday, July 24th. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.18. Koninklijke Philips N.V. had a return on equity of 8.92% and a net margin of 6.39%. The firm had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the prior year, the business earned $0.46 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts forecast that Koninklijke Philips N.V. will post $1.95 EPS for the current year.

Koninklijke Philips N.V. announced that its Board of Directors has initiated a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 4.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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PHG has been the subject of several recent analyst reports. Zacks Investment Research cut Koninklijke Philips N.V. from a “hold” rating to a “sell” rating in a research note on Monday, April 10th. Deutsche Bank AG cut Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Societe Generale cut Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Canaccord Genuity restated a “buy” rating and set a $37.00 target price on shares of Koninklijke Philips N.V. in a research note on Monday, July 3rd. Finally, Natixis cut Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 21st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Koninklijke Philips N.V. presently has a consensus rating of “Buy” and a consensus price target of $35.67.

Koninklijke Philips N.V. Company Profile

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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Institutional Ownership by Quarter for Koninklijke Philips N.V. (NYSE:PHG)

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