Short Interest in Koninklijke Philips N.V. (NYSE:PHG) Increases By 51.1%

Koninklijke Philips N.V. (NYSE:PHG) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 2,537,427 shares, an increase of 51.1% from the November 30th total of 1,679,430 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 743,575 shares, the short-interest ratio is currently 3.4 days. Based on an average trading volume of 743,575 shares, the short-interest ratio is currently 3.4 days. Currently, 0.3% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Koninklijke Philips in a research report on Monday. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Royal Bank Of Canada started coverage on shares of Koninklijke Philips in a research report on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Finally, Wall Street Zen downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE PHG traded down $0.23 on Wednesday, hitting $27.16. 58,446 shares of the stock were exchanged, compared to its average volume of 890,193. The company has a market capitalization of $26.15 billion, a PE ratio of 135.83, a P/E/G ratio of 0.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The business’s fifty day moving average is $27.59 and its 200 day moving average is $26.82. Koninklijke Philips has a 52 week low of $21.48 and a 52 week high of $29.54.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Research analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PHG. Johnson Financial Group Inc. acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth about $27,000. AlphaCore Capital LLC bought a new position in shares of Koninklijke Philips during the second quarter worth approximately $41,000. Whipplewood Advisors LLC lifted its holdings in Koninklijke Philips by 39.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,108 shares of the technology company’s stock worth $51,000 after purchasing an additional 592 shares during the last quarter. MAI Capital Management boosted its stake in Koninklijke Philips by 167.7% in the 2nd quarter. MAI Capital Management now owns 2,380 shares of the technology company’s stock valued at $57,000 after purchasing an additional 1,491 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Koninklijke Philips in the 3rd quarter valued at $83,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.