MML Investors Services LLC increased its stake in shares of Koninklijke Philips NV (NYSE:PHG) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,996 shares of the technology company’s stock after acquiring an additional 927 shares during the quarter. MML Investors Services LLC’s holdings in Koninklijke Philips were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Schafer Cullen Capital Management Inc grew its holdings in shares of Koninklijke Philips by 1.8% during the fourth quarter. Schafer Cullen Capital Management Inc now owns 20,084 shares of the technology company’s stock worth $705,000 after purchasing an additional 363 shares during the last quarter. Creative Planning raised its stake in Koninklijke Philips by 7.9% during the fourth quarter. Creative Planning now owns 6,237 shares of the technology company’s stock valued at $219,000 after buying an additional 458 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Koninklijke Philips by 9.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,007 shares of the technology company’s stock valued at $211,000 after buying an additional 541 shares during the last quarter. Comerica Securities Inc. raised its stake in Koninklijke Philips by 10.4% during the fourth quarter. Comerica Securities Inc. now owns 7,280 shares of the technology company’s stock valued at $256,000 after buying an additional 686 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Koninklijke Philips by 4.0% during the fourth quarter. Bank of New York Mellon Corp now owns 19,857 shares of the technology company’s stock valued at $698,000 after buying an additional 772 shares during the last quarter. 4.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PHG opened at $39.50 on Wednesday. The firm has a market cap of $36.65 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.43 and a beta of 1.24. Koninklijke Philips NV has a 12-month low of $32.98 and a 12-month high of $46.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.21 and a quick ratio of 0.87.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Tuesday, January 29th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.07. The business had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Koninklijke Philips had a return on equity of 11.17% and a net margin of 5.91%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. As a group, research analysts anticipate that Koninklijke Philips NV will post 1.93 EPS for the current year.

Separately, Zacks Investment Research cut Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.00.

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About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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

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