Charles Schwab Investment Management Inc. Raises Holdings in Koninklijke Philips (NYSE:PHG)

Charles Schwab Investment Management Inc. boosted its stake in Koninklijke Philips (NYSE:PHG) by 26.4% during the third quarter, Holdings Channel.com reports. The firm owned 55,290 shares of the technology company’s stock after buying an additional 11,538 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Koninklijke Philips were worth $1,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairscale Capital LLC bought a new position in shares of Koninklijke Philips in the second quarter worth approximately $54,000. Eastern Bank purchased a new stake in Koninklijke Philips during the 3rd quarter valued at $88,000. CWM LLC grew its holdings in Koninklijke Philips by 21.9% in the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares during the last quarter. Blue Trust Inc. increased its position in shares of Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after acquiring an additional 3,331 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Koninklijke Philips by 182.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,654 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Analyst Ratings Changes

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

Koninklijke Philips Stock Down 0.5 %

PHG stock opened at $25.66 on Tuesday. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of -61.09, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The business’s 50 day moving average price is $28.01 and its two-hundred day moving average price is $28.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16.

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.