Koninklijke Philips N.V. $PHG Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 125.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,158 shares of the technology company’s stock after purchasing an additional 40,102 shares during the quarter. SG Americas Securities LLC’s holdings in Koninklijke Philips were worth $1,977,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PHG. Morgan Stanley lifted its position in shares of Koninklijke Philips by 11.0% during the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock worth $76,958,000 after buying an additional 282,661 shares during the last quarter. Moore Capital Management LP purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at $5,727,000. Morningstar Investment Management LLC acquired a new stake in Koninklijke Philips during the 3rd quarter worth $5,434,000. Tower Research Capital LLC TRC raised its stake in Koninklijke Philips by 435.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock worth $5,410,000 after acquiring an additional 183,444 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Koninklijke Philips by 98.1% in the third quarter. Millennium Management LLC now owns 340,340 shares of the technology company’s stock valued at $9,278,000 after acquiring an additional 168,514 shares during the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PHG has been the topic of several research reports. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings cut Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 16th. Finally, Zacks Research downgraded Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $27.23 on Thursday. The stock’s 50-day moving average price is $26.64 and its 200 day moving average price is $28.03. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $26.76 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 7.01 and a beta of 0.75. Koninklijke Philips N.V. has a 52-week low of $23.75 and a 52-week high of $33.44.

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

About Koninklijke Philips

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.