23,581 Shares in Koninklijke Philips N.V. $PHG Acquired by Greenleaf Trust

Greenleaf Trust purchased a new position in Koninklijke Philips N.V. (NYSE:PHG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 23,581 shares of the technology company’s stock, valued at approximately $641,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC raised its position in shares of Koninklijke Philips by 3.7% during the fourth quarter. Lido Advisors LLC now owns 9,062 shares of the technology company’s stock worth $247,000 after purchasing an additional 323 shares during the period. Rhumbline Advisers grew its position in Koninklijke Philips by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after purchasing an additional 388 shares during the period. EverSource Wealth Advisors LLC grew its position in Koninklijke Philips by 5.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,759 shares of the technology company’s stock valued at $210,000 after purchasing an additional 399 shares during the period. Franklin Resources Inc. grew its position in Koninklijke Philips by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock valued at $316,000 after purchasing an additional 439 shares during the period. Finally, Bessemer Group Inc. increased its stake in Koninklijke Philips by 19.8% during the 1st quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock valued at $76,000 after purchasing an additional 456 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

Shares of Koninklijke Philips stock opened at $26.58 on Wednesday. Koninklijke Philips N.V. has a 52 week low of $23.85 and a 52 week high of $33.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average price of $26.92 and a 200-day moving average price of $27.51. The company has a market cap of $26.13 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 11.02 and a beta of 0.76.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.17. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The company had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Koninklijke Philips’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that Koninklijke Philips N.V. will post 1.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PHG has been the topic of several research reports. UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a report on Monday, August 3rd. Zacks Research upgraded shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Koninklijke Philips presently 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.