RMR Wealth Builders Purchases Shares of 1,543 Koninklijke Philips NV (NYSE:PHG)
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.
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.
Featured Story: What is the accumulation/distribution indicator?
Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips NV (NYSE:PHG).
Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.