First Republic Investment Management Inc. bought a new position in shares of Koninklijke Philips NV (NYSE:PHG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,103 shares of the technology company’s stock, valued at approximately $210,000.

Other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in Koninklijke Philips by 25.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,344,199 shares of the technology company’s stock worth $191,429,000 after buying an additional 1,081,936 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Koninklijke Philips in the 2nd quarter worth approximately $9,199,000. BlackRock Inc. lifted its holdings in shares of Koninklijke Philips by 54.6% in the 2nd quarter. BlackRock Inc. now owns 4,111,212 shares of the technology company’s stock worth $147,264,000 after purchasing an additional 1,452,699 shares during the last quarter. BlueMountain Capital Management LLC lifted its holdings in shares of Koninklijke Philips by 134.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 397,951 shares of the technology company’s stock worth $14,255,000 after purchasing an additional 227,951 shares during the last quarter. Finally, Summit Global Investments bought a new stake in shares of Koninklijke Philips in the 2nd quarter worth approximately $637,000. 7.27% of the stock is currently owned by institutional investors.

In other Koninklijke Philips news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of Koninklijke Philips stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $1.50, for a total transaction of $5,001,879.00. Following the sale, the insider now owns 29,693,444 shares of the company’s stock, valued at approximately $44,540,166. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. J P Morgan Chase & Co downgraded Koninklijke Philips from an “overweight” rating to a “neutral” rating in a report on Thursday, November 9th. BNP Paribas downgraded Koninklijke Philips from an “outperform” rating to a “neutral” rating in a report on Monday, October 16th. Finally, Citigroup reissued a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Koninklijke Philips currently has an average rating of “Hold” and an average target price of $41.50.

Shares of Koninklijke Philips NV (NYSE PHG) opened at $39.01 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a market capitalization of $36,715.58, a P/E ratio of 29.03, a P/E/G ratio of 3.83 and a beta of 1.38. Koninklijke Philips NV has a 1-year low of $28.71 and a 1-year high of $42.35.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, October 23rd. The technology company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.27 billion. Koninklijke Philips had a net margin of 6.67% and a return on equity of 7.19%. The firm’s revenue was down 29.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. analysts forecast that Koninklijke Philips NV will post 1.37 earnings per share for the current year.

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Koninklijke Philips Profile

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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