Koninklijke Philips N.V. $PHG Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP lifted its holdings in Koninklijke Philips N.V. (NYSE:PHG) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,725,997 shares of the technology company’s stock after purchasing an additional 107,356 shares during the quarter. Brandes Investment Partners LP owned about 0.18% of Koninklijke Philips worth $46,740,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Johnson Financial Group Inc. acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth $31,000. Navalign LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth $54,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth $56,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Koninklijke Philips by 182.2% in the 4th quarter. Farther Finance Advisors LLC now owns 4,095 shares of the technology company’s stock worth $111,000 after purchasing an additional 2,644 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

NYSE PHG opened at $26.52 on Wednesday. The stock has a 50-day simple moving average of $27.05 and a two-hundred day simple moving average of $28.11. The firm has a market capitalization of $25.54 billion, a P/E ratio of 22.73, a PEG ratio of 6.66 and a beta of 0.74. Koninklijke Philips N.V. has a fifty-two week low of $21.95 and a fifty-two week high of $33.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.32.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 2nd. Finally, Zacks Research cut Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Koninklijke Philips presently has an average rating of “Hold”.

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.