Tidal Investments LLC Boosts Stake in Koninklijke Philips N.V. $PHG

Tidal Investments LLC lifted its position in Koninklijke Philips N.V. (NYSE:PHG) by 18.9% in the 2nd quarter, Holdings Channel reports. The fund owned 401,637 shares of the technology company’s stock after acquiring an additional 63,868 shares during the quarter. Tidal Investments LLC’s holdings in Koninklijke Philips were worth $10,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHG. Whipplewood Advisors LLC boosted its position in shares of Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock valued at $27,000 after purchasing an additional 896 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Koninklijke Philips in the third quarter worth $27,000. CIBC Private Wealth Group LLC lifted its position in Koninklijke Philips by 179.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after buying an additional 817 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Koninklijke Philips during the second quarter valued at $47,000. Finally, Navalign LLC bought a new stake in shares of Koninklijke Philips during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. UBS Group reissued a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Koninklijke Philips Trading Up 0.1%

Koninklijke Philips stock opened at $24.61 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The business’s fifty day simple moving average is $26.63 and its two-hundred day simple moving average is $27.21. Koninklijke Philips N.V. has a 12 month low of $23.85 and a 12 month high of $33.44. The company has a market capitalization of $24.19 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 10.21 and a beta of 0.76.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.17. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.91 billion. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The company’s revenue was down 3.0% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. As a group, equities analysts predict that Koninklijke Philips N.V. will post 1.75 earnings per share for the current fiscal year.

Koninklijke Philips Profile

Koninklijke Philips N.V. is a Netherlands-based health technology company headquartered in Amsterdam. Founded in 1891 by Gerard Philips and his father, Frederik Philips, the company originally focused on electric light bulbs before expanding into consumer electronics and, later, health care technology.

Philips develops products and services across diagnostic imaging, image-guided therapy, patient monitoring, clinical informatics, and connected care. Its offerings include magnetic resonance imaging, computed tomography and ultrasound systems, hospital monitoring solutions, respiratory and sleep-care products, and software designed to support health care professionals and clinical workflows.

Through its Personal Health business, Philips also provides products such as electric toothbrushes, grooming devices, mother and child care products, and other wellness solutions.