2,689 Shares in Koninklijke Philips (NYSE:PHG) Acquired by Eastern Bank

Eastern Bank purchased a new position in shares of Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,689 shares of the technology company’s stock, valued at approximately $88,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Koninklijke Philips during the first quarter worth approximately $40,000. Fairscale Capital LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $54,000. CWM LLC lifted its stake in Koninklijke Philips by 21.9% in the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after acquiring an additional 616 shares during the last quarter. Blue Trust Inc. lifted its stake in Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after acquiring an additional 3,331 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Koninklijke Philips in the first quarter valued at approximately $91,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $31.67 on Friday. The firm has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $27.61. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 1-year low of $18.06 and a 1-year high of $32.91. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of -59.75, a PEG ratio of 1.05 and a beta of 0.74.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 earnings per share 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 during the quarter. On average, sell-side analysts expect that Koninklijke Philips will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Koninklijke Philips presently has a consensus rating of “Hold”.

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.