11,463 Shares in Koninklijke Philips (NYSE:PHG) Purchased by XY Capital Ltd

XY Capital Ltd acquired a new position in shares of Koninklijke Philips (NYSE:PHG) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 11,463 shares of the technology company’s stock, valued at approximately $290,000. Koninklijke Philips makes up 0.1% of XY Capital Ltd’s holdings, making the stock its 29th largest position.

A number of other large investors have also modified their holdings of the business. Bank of Montreal Can lifted its position in Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after buying an additional 949,278 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Koninklijke Philips during the 3rd quarter worth $19,593,000. Bar Harbor Wealth Management purchased a new stake in shares of Koninklijke Philips in the 3rd quarter valued at about $9,877,000. JPMorgan Chase & Co. increased its holdings in shares of Koninklijke Philips by 315.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company’s stock valued at $8,040,000 after acquiring an additional 186,520 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Koninklijke Philips during the third quarter worth about $4,622,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PHG. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Koninklijke Philips Stock Down 0.5 %

NYSE:PHG opened at $27.31 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The firm has a 50-day moving average of $26.04 and a two-hundred day moving average of $28.16. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91.

About Koninklijke Philips

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.