Rockefeller Capital Management L.P. Has $1.85 Million Holdings in Koninklijke Philips N.V. $PHG

Rockefeller Capital Management L.P. grew its position in Koninklijke Philips N.V. (NYSE:PHG) by 52.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 68,318 shares of the technology company’s stock after acquiring an additional 23,492 shares during the period. Rockefeller Capital Management L.P.’s holdings in Koninklijke Philips were worth $1,850,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PHG. Causeway Capital Management LLC raised its position in Koninklijke Philips by 5.8% in the third quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock valued at $53,378,000 after purchasing an additional 107,117 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Koninklijke Philips by 823.3% during the fourth quarter. M&T Bank Corp now owns 135,990 shares of the technology company’s stock worth $3,683,000 after purchasing an additional 121,261 shares during the last quarter. XY Capital Ltd grew its holdings in shares of Koninklijke Philips by 356.8% during the third quarter. XY Capital Ltd now owns 64,413 shares of the technology company’s stock worth $1,756,000 after purchasing an additional 50,313 shares during the last quarter. Carmel Capital Partners LLC increased its stake in shares of Koninklijke Philips by 58.0% in the fourth quarter. Carmel Capital Partners LLC now owns 115,627 shares of the technology company’s stock valued at $3,131,000 after buying an additional 42,446 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Koninklijke Philips by 28.2% in the third quarter. JPMorgan Chase & Co. now owns 112,322 shares of the technology company’s stock valued at $3,062,000 after buying an additional 24,706 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Trading Down 0.0%

Shares of PHG stock opened at $27.21 on Wednesday. Koninklijke Philips N.V. has a 1-year low of $23.75 and a 1-year high of $33.44. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The stock has a market cap of $26.74 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 7.02 and a beta of 0.74. The stock has a 50-day moving average of $26.68 and a 200-day moving average of $28.03.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.49 billion. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%. On average, equities research analysts forecast that Koninklijke Philips N.V. will post 1.87 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on PHG. Weiss Ratings downgraded shares of Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.