Aaron Wealth Advisors LLC Purchases 1,483 Shares of Koninklijke Philips (NYSE:PHG)

Aaron Wealth Advisors LLC raised its holdings in Koninklijke Philips (NYSE:PHG) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,208 shares of the technology company’s stock after buying an additional 1,483 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Koninklijke Philips were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Millennium Management LLC increased its stake in Koninklijke Philips by 822.0% in the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after acquiring an additional 998,995 shares during the period. Bank of Montreal Can grew its stake in shares of Koninklijke Philips by 2,883.5% in the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after purchasing an additional 949,278 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after buying an additional 864,951 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $19,593,000. Finally, Bar Harbor Wealth Management acquired a new stake in Koninklijke Philips in the 3rd quarter valued at $9,877,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com cut 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 report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Koninklijke Philips Stock Performance

Shares of NYSE:PHG opened at $26.55 on Wednesday. The business has a fifty day moving average of $25.84 and a 200-day moving average of $28.09. 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 twelve month low of $19.55 and a twelve month high of $32.91. The firm has a market cap of $24.95 billion, a PE ratio of -63.21, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77.

Koninklijke Philips Company 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.