Koninklijke Philips N.V. $PHG Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Koninklijke Philips N.V. (NYSE:PHG) by 125.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,158 shares of the technology company’s stock after purchasing an additional 40,102 shares during the quarter. SG Americas Securities LLC’s holdings in Koninklijke Philips were worth $1,977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Johnson Financial Group Inc. purchased a new stake in shares of Koninklijke Philips in the third quarter valued at approximately $27,000. Flagship Harbor Advisors LLC acquired a new position in shares of Koninklijke Philips during the 4th quarter worth $31,000. CIBC Private Wealth Group LLC increased its holdings in shares of Koninklijke Philips by 179.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after purchasing an additional 817 shares in the last quarter. Navalign LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $54,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Koninklijke Philips during the fourth quarter worth about $56,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Performance

Shares of PHG opened at $27.23 on Thursday. Koninklijke Philips N.V. has a 12-month low of $23.75 and a 12-month high of $33.44. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $26.64 and a two-hundred day moving average of $28.03. The stock has a market cap of $26.76 billion, a P/E ratio of 23.33, a PEG ratio of 7.01 and a beta of 0.75.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.49 billion. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%. As a group, research analysts predict that Koninklijke Philips N.V. will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research cut Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Weiss Ratings downgraded Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Koninklijke Philips Company Profile

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.