Macquarie Group Ltd. reduced its position in Koninklijke Philips NV (NYSE:PHG) by 22.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,069 shares of the company’s stock after selling 5,038 shares during the period. Macquarie Group Ltd.’s holdings in Koninklijke Philips NV were worth $426,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its position in Koninklijke Philips NV by 12.5% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 9,574,104 shares of the company’s stock worth $238,778,000 after buying an additional 1,067,118 shares in the last quarter. Chartwell Investment Partners LLC acquired a new position in Koninklijke Philips NV during the second quarter worth about $19,497,000. Renaissance Technologies LLC increased its position in Koninklijke Philips NV by 987.0% in the first quarter. Renaissance Technologies LLC now owns 646,824 shares of the company’s stock worth $18,467,000 after buying an additional 587,319 shares in the last quarter. NWQ Investment Management Company LLC increased its position in Koninklijke Philips NV by 19.5% in the first quarter. NWQ Investment Management Company LLC now owns 3,438,480 shares of the company’s stock worth $98,169,000 after buying an additional 560,665 shares in the last quarter. Finally, Johnston Asset Management LLC increased its position in Koninklijke Philips NV by 1,536.6% in the second quarter. Johnston Asset Management LLC now owns 472,530 shares of the company’s stock worth $11,785,000 after buying an additional 443,657 shares in the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.
Shares of Koninklijke Philips NV (NYSE:PHG) opened at 29.97 on Thursday. The stock has a market cap of $27.79 billion, a PE ratio of 34.25 and a beta of 1.49. Koninklijke Philips NV has a 52-week low of $23.00 and a 52-week high of $30.09. The company’s 50-day moving average is $28.94 and its 200-day moving average is $27.14.
Koninklijke Philips NV (NYSE:PHG) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The firm earned $5.86 billion during the quarter, compared to analysts’ expectations of $5.91 billion. Koninklijke Philips NV had a net margin of 3.01% and a return on equity of 2.93%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. Equities analysts anticipate that Koninklijke Philips NV will post $1.57 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. TheStreet upgraded shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research note on Wednesday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $32.00.
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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