Claybrook Capital LLC Buys New Position in Koninklijke Philips NV (PHG)

Claybrook Capital LLC bought a new stake in Koninklijke Philips NV (NYSE:PHG) in the fourth quarter, Holdings Channel reports. The fund bought 9,100 shares of the technology company’s stock, valued at approximately $320,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Koninklijke Philips by 7.5% during the fourth quarter. BlackRock Inc. now owns 6,008,587 shares of the technology company’s stock worth $210,960,000 after purchasing an additional 419,533 shares in the last quarter. Steadfast Capital Management LP raised its holdings in Koninklijke Philips by 0.5% during the third quarter. Steadfast Capital Management LP now owns 1,067,116 shares of the technology company’s stock worth $48,564,000 after purchasing an additional 5,605 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Koninklijke Philips by 66.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 775,030 shares of the technology company’s stock worth $35,272,000 after purchasing an additional 309,980 shares in the last quarter. Foresters Investment Management Company Inc. raised its holdings in Koninklijke Philips by 28.7% during the fourth quarter. Foresters Investment Management Company Inc. now owns 519,650 shares of the technology company’s stock worth $18,245,000 after purchasing an additional 115,950 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Koninklijke Philips by 7.2% during the fourth quarter. Natixis Advisors L.P. now owns 171,657 shares of the technology company’s stock worth $6,026,000 after purchasing an additional 11,501 shares in the last quarter. Institutional investors own 4.22% of the company’s stock.

Separately, Zacks Investment Research cut Koninklijke Philips from a “strong-buy” rating to a “sell” rating in a report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.00.

Shares of NYSE:PHG opened at $40.36 on Friday. Koninklijke Philips NV has a 12 month low of $32.98 and a 12 month high of $46.67. The company has a market cap of $36.83 billion, a P/E ratio of 19.40, a PEG ratio of 1.44 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Tuesday, January 29th. The technology company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Koninklijke Philips had a return on equity of 11.17% and a net margin of 5.91%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. As a group, analysts anticipate that Koninklijke Philips NV will post 1.93 earnings per share for the current fiscal year.

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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.

Further Reading: Why do companies engage in swaps?

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

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