KCS Wealth Advisory Takes Position in Koninklijke Philips NV (PHG)

KCS Wealth Advisory purchased a new stake in shares of Koninklijke Philips NV (NYSE:PHG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,167 shares of the technology company’s stock, valued at approximately $687,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Koninklijke Philips by 25.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,344,199 shares of the technology company’s stock valued at $191,429,000 after purchasing an additional 1,081,936 shares during the last quarter. BlackRock Inc. grew its stake in shares of Koninklijke Philips by 54.6% during the second quarter. BlackRock Inc. now owns 4,111,212 shares of the technology company’s stock valued at $147,264,000 after purchasing an additional 1,452,699 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Koninklijke Philips by 2.7% during the third quarter. Wells Fargo & Company MN now owns 1,352,620 shares of the technology company’s stock valued at $55,729,000 after purchasing an additional 35,793 shares during the last quarter. BlueMountain Capital Management LLC grew its stake in shares of Koninklijke Philips by 134.1% during the second quarter. BlueMountain Capital Management LLC now owns 397,951 shares of the technology company’s stock valued at $14,255,000 after purchasing an additional 227,951 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Koninklijke Philips by 33.9% during the second quarter. Ameriprise Financial Inc. now owns 410,614 shares of the technology company’s stock valued at $14,722,000 after purchasing an additional 103,988 shares during the last quarter. 7.23% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday. BNP Paribas cut shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research note on Monday, October 16th. Citigroup reissued a “buy” rating on shares of Koninklijke Philips in a research note on Tuesday, October 24th. Finally, JPMorgan Chase & Co. cut shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 9th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.50.

Shares of Koninklijke Philips NV (NYSE PHG) traded up $0.72 during mid-day trading on Friday, reaching $40.64. 1,175,775 shares of the company’s stock were exchanged, compared to its average volume of 1,340,456. Koninklijke Philips NV has a 1 year low of $28.71 and a 1 year high of $42.35. The company has a market capitalization of $37,950.00, a PE ratio of 35.03, a PEG ratio of 2.52 and a beta of 1.38. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.34.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Monday, October 23rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). Koninklijke Philips had a net margin of 6.67% and a return on equity of 7.19%. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period in the previous year, the business posted $0.40 earnings per share. Koninklijke Philips’s revenue was down 29.7% compared to the same quarter last year. analysts forecast that Koninklijke Philips NV will post 1.37 EPS for the current year.

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Koninklijke Philips Company Profile

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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

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