EP Wealth Advisors LLC Purchases Shares of 6,270 Koninklijke Philips (NYSE:PHG)

EP Wealth Advisors LLC acquired a new stake in Koninklijke Philips (NYSE:PHG) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,270 shares of the technology company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairscale Capital LLC bought a new stake in shares of Koninklijke Philips during the 2nd quarter worth about $54,000. CWM LLC lifted its position in Koninklijke Philips by 21.9% during the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares during the last quarter. Eastern Bank bought a new stake in shares of Koninklijke Philips during the third quarter worth approximately $88,000. Blue Trust Inc. grew its position in shares of Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after purchasing an additional 3,331 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of Koninklijke Philips during the third quarter worth approximately $107,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Trading Up 0.6 %

Shares of PHG stock opened at $25.79 on Friday. The stock has a market cap of $24.24 billion, a P/E ratio of -61.40, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76. Koninklijke Philips has a 1 year low of $19.55 and a 1 year high of $32.91. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $28.13 and a 200 day simple moving average of $28.20.

Analyst Upgrades and Downgrades

PHG has been the subject of several recent research reports. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.