Park Avenue Securities LLC Boosts Stock Holdings in Koninklijke Philips (NYSE:PHG)

Park Avenue Securities LLC grew its position in Koninklijke Philips (NYSE:PHG) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,867 shares of the technology company’s stock after purchasing an additional 2,862 shares during the period. Park Avenue Securities LLC’s holdings in Koninklijke Philips were worth $503,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Koninklijke Philips during the 3rd quarter valued at $54,000. Eastern Bank purchased a new stake in Koninklijke Philips during the third quarter worth about $88,000. RPg Family Wealth Advisory LLC bought a new stake in Koninklijke Philips in the third quarter worth about $107,000. Clifford Capital Partners LLC purchased a new position in Koninklijke Philips in the second quarter valued at about $201,000. Finally, OLD National Bancorp IN bought a new position in shares of Koninklijke Philips during the 3rd quarter valued at approximately $202,000. 13.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $26.83 on Friday. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91. 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 market capitalization of $25.21 billion, a price-to-earnings ratio of -63.87, a PEG ratio of 0.88 and a beta of 0.77. The company’s fifty day moving average price is $25.86 and its 200-day moving average price is $28.07.

Koninklijke Philips Company 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.