Stifel Financial Corp Increases Stake in Koninklijke Philips (NYSE:PHG)

Stifel Financial Corp boosted its stake in Koninklijke Philips (NYSE:PHG) by 16.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,222 shares of the technology company’s stock after purchasing an additional 27,536 shares during the period. Stifel Financial Corp’s holdings in Koninklijke Philips were worth $6,388,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quantinno Capital Management LP increased its stake in shares of Koninklijke Philips by 18.2% during the third quarter. Quantinno Capital Management LP now owns 105,314 shares of the technology company’s stock valued at $3,446,000 after buying an additional 16,193 shares during the period. IHT Wealth Management LLC bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $19,593,000. Timber Creek Capital Management LLC bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $2,127,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $4,622,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $107,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Trading Up 0.6 %

Koninklijke Philips stock opened at $25.78 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $28.13 and its two-hundred day simple moving average is $28.20. Koninklijke Philips has a 12 month low of $19.55 and a 12 month high of $32.91. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of -61.38, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PHG shares. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Koninklijke Philips presently has a consensus rating of “Hold”.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.