BNP Paribas Financial Markets Purchases 3,629 Shares of Koninklijke Philips (NYSE:PHG)

BNP Paribas Financial Markets increased its position in Koninklijke Philips (NYSE:PHG) by 22.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,057 shares of the technology company’s stock after buying an additional 3,629 shares during the quarter. BNP Paribas Financial Markets’ holdings in Koninklijke Philips were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Koninklijke Philips in the third quarter worth $564,000. FMR LLC lifted its stake in shares of Koninklijke Philips by 0.6% in the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after acquiring an additional 35,935 shares during the last quarter. Bank of Montreal Can boosted its holdings in Koninklijke Philips by 2,883.5% during the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after acquiring an additional 949,278 shares during the period. DRW Securities LLC boosted its holdings in Koninklijke Philips by 32.1% during the 3rd quarter. DRW Securities LLC now owns 13,110 shares of the technology company’s stock valued at $429,000 after acquiring an additional 3,185 shares during the period. Finally, Pekin Hardy Strauss Inc. bought a new position in Koninklijke Philips during the 3rd quarter worth approximately $229,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Koninklijke Philips Trading Down 1.6 %

Shares of PHG stock opened at $25.63 on Friday. The company has a market cap of $24.09 billion, a PE ratio of -61.02, a price-to-earnings-growth ratio of 0.93 and a beta of 0.76. Koninklijke Philips has a 1 year low of $19.55 and a 1 year high of $32.91. The stock’s 50 day simple moving average is $28.39 and its two-hundred day simple moving average is $28.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

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.