RMR Wealth Builders acquired a new position in shares of Koninklijke Philips NV (NYSE:PHG) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,543 shares of the technology company’s stock, valued at approximately $72,000.

Several other institutional investors also recently bought and sold shares of PHG. Fiduciary Management Inc. WI acquired a new position in Koninklijke Philips during the 1st quarter worth $254,764,000. Morgan Stanley increased its stake in shares of Koninklijke Philips by 56.1% during the first quarter. Morgan Stanley now owns 1,530,452 shares of the technology company’s stock worth $61,464,000 after buying an additional 549,712 shares during the period. Todd Asset Management LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $15,296,000. Deutsche Bank AG lifted its stake in Koninklijke Philips by 1,010.7% in the first quarter. Deutsche Bank AG now owns 176,751 shares of the technology company’s stock worth $7,099,000 after acquiring an additional 160,838 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Koninklijke Philips by 11.4% in the first quarter. Alliancebernstein L.P. now owns 1,207,446 shares of the technology company’s stock worth $48,491,000 after acquiring an additional 123,533 shares during the last quarter. 7.85% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Barclays restated an “overweight” rating on shares of Koninklijke Philips in a report on Monday, June 22nd. Societe Generale downgraded Koninklijke Philips to a “sell” rating in a report on Thursday, August 27th. Morgan Stanley reissued an “overweight” rating on shares of Koninklijke Philips in a research report on Thursday, July 9th. UBS Group reaffirmed a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, September 1st. Finally, TheStreet raised shares of Koninklijke Philips from a “c” rating to a “b” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $53.00.

NYSE PHG traded down $0.16 on Wednesday, reaching $47.08. The stock had a trading volume of 3,724 shares, compared to its average volume of 911,632. The stock has a market cap of $42.96 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93. Koninklijke Philips NV has a 12-month low of $30.50 and a 12-month high of $54.28. The business’s 50-day moving average price is $50.34 and its 200 day moving average price is $45.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.91 and a current ratio of 1.33.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 20th. The technology company reported $0.39 EPS for the quarter. Koninklijke Philips had a net margin of 5.26% and a return on equity of 14.01%. The business had revenue of $4.84 billion for the quarter. On average, sell-side analysts predict that Koninklijke Philips NV will post 2.42 earnings per share for the current year.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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

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