AMP Capital Investors Ltd acquired a new position in shares of Koninklijke Philips NV (NYSE:PHG) in the 2nd quarter, Holdings Channel reports. The firm acquired 66,800 shares of the technology company’s stock, valued at approximately $2,824,000.

A number of other large investors have also recently bought and sold shares of PHG. Trillium Asset Management LLC purchased a new stake in Koninklijke Philips during the 1st quarter worth approximately $2,314,000. Northern Trust Corp increased its stake in Koninklijke Philips by 4.7% during the 1st quarter. Northern Trust Corp now owns 850,663 shares of the technology company’s stock worth $32,589,000 after buying an additional 37,992 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Koninklijke Philips by 72.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,516 shares of the technology company’s stock worth $250,000 after buying an additional 2,737 shares in the last quarter. Hanson & Doremus Investment Management increased its stake in Koninklijke Philips by 221.2% during the 1st quarter. Hanson & Doremus Investment Management now owns 13,563 shares of the technology company’s stock worth $520,000 after buying an additional 9,340 shares in the last quarter. Finally, Brinker Capital Inc. increased its stake in Koninklijke Philips by 4.6% during the 1st quarter. Brinker Capital Inc. now owns 58,818 shares of the technology company’s stock worth $2,253,000 after buying an additional 2,581 shares in the last quarter. Institutional investors own 4.86% of the company’s stock.

PHG stock opened at $45.50 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.27 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $42.37 billion, a PE ratio of 36.69, a P/E/G ratio of 4.50 and a beta of 1.15. Koninklijke Philips NV has a 1 year low of $35.47 and a 1 year high of $46.09.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Monday, July 23rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Koninklijke Philips had a net margin of 7.30% and a return on equity of 7.81%. Koninklijke Philips’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the company earned $0.27 earnings per share. equities research analysts predict that Koninklijke Philips NV will post 1.85 EPS for the current fiscal year.

PHG has been the subject of several research reports. BNP Paribas upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded Koninklijke Philips from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Monday, June 18th. ValuEngine upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Exane BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday. Finally, Sanford C. Bernstein initiated coverage on Koninklijke Philips in a research note on Thursday, September 13th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $48.00.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

Further Reading: Return on Equity (ROE)

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

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