Koninklijke Philips N.V. (NYSE:PHG) Short Interest Update

Koninklijke Philips N.V. (NYSE:PHG) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,537,427 shares, a growth of 51.1% from the November 30th total of 1,679,430 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 743,575 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 743,575 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

PHG has been the topic of several research analyst reports. Royal Bank Of Canada initiated coverage on shares of Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Wall Street Zen cut Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings lowered Koninklijke Philips from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Koninklijke Philips Trading Up 0.5%

Shares of Koninklijke Philips stock traded up $0.13 on Monday, reaching $27.24. The company had a trading volume of 245,575 shares, compared to its average volume of 893,693. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 136.21, a P/E/G ratio of 0.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The firm’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $26.76. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $29.54.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.30 billion. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%. As a group, research analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Koninklijke Philips

Several hedge funds have recently added to or reduced their stakes in the company. First Affirmative Financial Network raised its position in Koninklijke Philips by 5.1% in the 3rd quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock worth $311,000 after purchasing an additional 550 shares during the period. Coldstream Capital Management Inc. purchased a new position in shares of Koninklijke Philips during the third quarter valued at approximately $401,000. Morningstar Investment Management LLC bought a new position in shares of Koninklijke Philips during the third quarter valued at approximately $5,434,000. XTX Topco Ltd raised its holdings in shares of Koninklijke Philips by 6.2% in the third quarter. XTX Topco Ltd now owns 31,246 shares of the technology company’s stock worth $852,000 after buying an additional 1,825 shares during the period. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Koninklijke Philips in the third quarter worth approximately $213,000. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.