Mitchell & Pahl Private Wealth LLC Acquires 2,213 Shares of Koninklijke Philips (NYSE:PHG)

Mitchell & Pahl Private Wealth LLC increased its holdings in shares of Koninklijke Philips (NYSE:PHG) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,894 shares of the technology company’s stock after purchasing an additional 2,213 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Koninklijke Philips were worth $909,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC raised its holdings in Koninklijke Philips by 0.6% during the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock worth $200,859,000 after buying an additional 35,935 shares during the period. Creative Planning increased its position in shares of Koninklijke Philips by 39.3% during the third quarter. Creative Planning now owns 84,263 shares of the technology company’s stock worth $2,757,000 after acquiring an additional 23,768 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Koninklijke Philips during the third quarter worth $1,360,000. JPMorgan Chase & Co. lifted its position in Koninklijke Philips by 315.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company’s stock valued at $8,040,000 after acquiring an additional 186,520 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Koninklijke Philips in the 2nd quarter worth $1,253,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

Shares of PHG opened at $25.82 on Tuesday. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of -61.46, a PEG ratio of 0.86 and a beta of 0.77. Koninklijke Philips has a 12 month low of $19.55 and a 12 month high of $32.91. The firm has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $28.09. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PHG shares. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock 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.