Koninklijke Philips (NYSE:PHG) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Koninklijke Philips (NYSE:PHG) have received a consensus rating of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

PHG has been the subject of several research reports. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mondrian Investment Partners LTD boosted its holdings in shares of Koninklijke Philips by 45.1% in the first quarter. Mondrian Investment Partners LTD now owns 9,553,058 shares of the technology company’s stock valued at $191,061,000 after acquiring an additional 2,971,008 shares in the last quarter. Millennium Management LLC lifted its position in shares of Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after acquiring an additional 998,995 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after buying an additional 864,951 shares in the last quarter. Jane Street Group LLC lifted its position in Koninklijke Philips by 361.7% in the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after buying an additional 492,881 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Koninklijke Philips by 36.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company’s stock worth $28,201,000 after buying an additional 376,244 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 2.2 %

NYSE PHG opened at $27.08 on Tuesday. Koninklijke Philips has a 52-week low of $19.49 and a 52-week high of $32.91. The firm has a 50-day moving average price of $30.72 and a 200 day moving average price of $28.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

Koninklijke Philips Company 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.