Koninklijke Philips (NYSE:PHG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Koninklijke Philips (NYSE:PHG) by 6.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,963 shares of the technology company’s stock after buying an additional 648 shares during the period. GAMMA Investing LLC’s holdings in Koninklijke Philips were worth $278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kitching Partners LLC increased its holdings in Koninklijke Philips by 3.4% in the 2nd quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after acquiring an additional 356 shares in the last quarter. Holderness Investments Co. increased its stake in shares of Koninklijke Philips by 3.4% during the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock worth $424,000 after purchasing an additional 546 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Koninklijke Philips by 7.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock worth $204,000 after purchasing an additional 550 shares during the last quarter. State Street Corp raised its position in shares of Koninklijke Philips by 1.0% during the 3rd quarter. State Street Corp now owns 82,518 shares of the technology company’s stock worth $2,809,000 after purchasing an additional 844 shares during the last quarter. Finally, Bank of New Hampshire lifted its stake in Koninklijke Philips by 0.9% in the 3rd quarter. Bank of New Hampshire now owns 109,781 shares of the technology company’s stock valued at $3,592,000 after buying an additional 940 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 0.4 %

Shares of NYSE PHG opened at $25.36 on Wednesday. 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 company has a 50-day moving average of $26.05 and a 200 day moving average of $28.09. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91. The stock has a market cap of $23.84 billion, a PE ratio of -60.38, a P/E/G ratio of 0.92 and a beta of 0.77.

Analysts Set New Price Targets

A number of brokerages have commented on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.