Ballentine Partners LLC Invests $219,000 in Koninklijke Philips (NYSE:PHG)

Ballentine Partners LLC purchased a new position in Koninklijke Philips (NYSE:PHG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,709 shares of the technology company’s stock, valued at approximately $219,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in Koninklijke Philips in the fourth quarter valued at about $953,000. Private Advisor Group LLC purchased a new position in Koninklijke Philips in the fourth quarter valued at approximately $368,000. Principal Securities Inc. bought a new position in Koninklijke Philips during the fourth quarter valued at $27,000. BNP Paribas Financial Markets increased its position in Koninklijke Philips by 1,006.5% in the fourth quarter. BNP Paribas Financial Markets now owns 89,402 shares of the technology company’s stock worth $2,086,000 after buying an additional 81,322 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Koninklijke Philips by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock valued at $69,428,000 after buying an additional 296,716 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE PHG opened at $30.76 on Friday. The firm has a market cap of $28.91 billion, a P/E ratio of -32.04, a price-to-earnings-growth ratio of 1.04 and a beta of 0.73. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $28.36 and its 200-day moving average is $25.25. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $30.84.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share (EPS) for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The business had revenue of $4.80 billion for the quarter. Sell-side analysts predict that Koninklijke Philips will post 1.5 earnings per share for the current year.

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.