Koninklijke Philips NV (PHG) Sees Significant Decrease in Short Interest
Koninklijke Philips NV (NYSE:PHG) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 675,473 shares, a decline of 38.5% from the September 15th total of 1,098,675 shares. Based on an average daily trading volume, of 1,539,828 shares, the short-interest ratio is currently 0.4 days.
PHG has been the topic of a number of analyst reports. TheStreet raised Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Investment Consultants LLC raised its position in shares of Koninklijke Philips NV by 3.4% in the second quarter. Integrated Investment Consultants LLC now owns 4,068 shares of the company’s stock worth $101,000 after buying an additional 134 shares in the last quarter. Walleye Trading LLC acquired a new position in shares of Koninklijke Philips NV during the second quarter worth $101,000. Hanson & Doremus Investment Management raised its position in shares of Koninklijke Philips NV by 3.4% in the second quarter. Hanson & Doremus Investment Management now owns 4,539 shares of the company’s stock worth $113,000 after buying an additional 149 shares in the last quarter. Atwood & Palmer Inc. raised its position in shares of Koninklijke Philips NV by 3.4% in the second quarter. Atwood & Palmer Inc. now owns 6,516 shares of the company’s stock worth $163,000 after buying an additional 217 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Koninklijke Philips NV by 43.3% in the second quarter. Capital Analysts LLC now owns 3,958 shares of the company’s stock worth $201,000 after buying an additional 1,195 shares in the last quarter. 6.62% of the stock is currently owned by institutional investors.
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Shares of Koninklijke Philips NV (NYSE:PHG) opened at 29.24 on Wednesday. The firm has a market capitalization of $27.11 billion, a PE ratio of 33.46 and a beta of 1.43. Koninklijke Philips NV has a 52 week low of $23.00 and a 52 week high of $30.09. The stock has a 50 day moving average price of $29.20 and a 200-day moving average price of $27.29.
Koninklijke Philips NV (NYSE:PHG) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.20. Koninklijke Philips NV had a return on equity of 2.93% and a net margin of 3.01%. The company had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.91 billion. During the same quarter in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts anticipate that Koninklijke Philips NV will post $1.57 earnings per share for the current year.
Koninklijke Philips NV Company Profile
Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
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