Brandes Investment Partners LP Increases Position in Koninklijke Philips N.V. $PHG

Brandes Investment Partners LP lifted its holdings in Koninklijke Philips N.V. (NYSE:PHG) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,725,997 shares of the technology company’s stock after purchasing an additional 107,356 shares during the quarter. Brandes Investment Partners LP’s holdings in Koninklijke Philips were worth $46,740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PHG. Johnson Financial Group Inc. purchased a new position in shares of Koninklijke Philips in the 3rd quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $31,000. Navalign LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $54,000. Hilton Head Capital Partners LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $56,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Koninklijke Philips by 182.2% in the 4th quarter. Farther Finance Advisors LLC now owns 4,095 shares of the technology company’s stock valued at $111,000 after purchasing an additional 2,644 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PHG. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings lowered Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Koninklijke Philips Trading Up 2.7%

Shares of Koninklijke Philips stock opened at $26.52 on Wednesday. The stock has a market cap of $25.54 billion, a P/E ratio of 22.73, a P/E/G ratio of 6.66 and a beta of 0.74. The stock’s 50 day simple moving average is $27.05 and its 200-day simple moving average is $28.11. Koninklijke Philips N.V. has a 1-year low of $21.95 and a 1-year high of $33.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 0.90.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%.The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Analysts predict that Koninklijke Philips N.V. will post 1.87 EPS for the current fiscal year.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.