Wall Street Zen upgraded shares of Koninklijke Philips (NYSE:PHG – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
PHG has been the topic of a number of other reports. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Get Our Latest Stock Report on PHG
Koninklijke Philips Trading Up 0.6%
Koninklijke Philips (NYSE:PHG – Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.13. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. Koninklijke Philips’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. On average, analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Colonial Trust Co SC lifted its position in shares of Koninklijke Philips by 724.0% during the fourth quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,238 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Koninklijke Philips by 2,935.4% during the first quarter. Bessemer Group Inc. now owns 1,973 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,908 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after purchasing an additional 582 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Koninklijke Philips during the fourth quarter worth $55,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Koninklijke Philips during the fourth quarter worth $60,000. 13.67% of the stock is owned by institutional investors and hedge funds.
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.
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