Pitcairn Co. Buys New Shares in Koninklijke Philips (NYSE:PHG)

Pitcairn Co. purchased a new position in Koninklijke Philips (NYSE:PHG) during the 3rd quarter, Holdings Channel reports. The firm purchased 7,831 shares of the technology company’s stock, valued at approximately $256,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kitching Partners LLC grew its position in Koninklijke Philips by 3.4% during the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after buying an additional 356 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of Koninklijke Philips by 6.1% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 6,590 shares of the technology company’s stock worth $166,000 after acquiring an additional 381 shares during the period. Riverwater Partners LLC grew its holdings in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Riverwater Partners LLC now owns 16,201 shares of the technology company’s stock worth $408,000 after purchasing an additional 534 shares in the last quarter. Holderness Investments Co. increased its position in shares of Koninklijke Philips by 3.4% during the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock valued at $424,000 after purchasing an additional 546 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Koninklijke Philips by 7.3% in the second quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock valued at $204,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.9 %

Shares of NYSE:PHG opened at $27.15 on Thursday. The company’s fifty day moving average is $29.40 and its 200-day moving average is $28.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The company has a market capitalization of $25.52 billion, a PE ratio of -64.64, a P/E/G ratio of 0.96 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PHG shares. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Koninklijke Philips

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.