RPg Family Wealth Advisory LLC Takes $107,000 Position in Koninklijke Philips (NYSE:PHG)

RPg Family Wealth Advisory LLC bought a new position in shares of Koninklijke Philips (NYSE:PHG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,273 shares of the technology company’s stock, valued at approximately $107,000.

A number of other large investors also recently modified their holdings of PHG. Fairscale Capital LLC acquired a new position in Koninklijke Philips during the 2nd quarter valued at about $54,000. CWM LLC boosted its position in shares of Koninklijke Philips by 21.9% during the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after buying an additional 616 shares during the last quarter. Eastern Bank bought a new stake in Koninklijke Philips during the third quarter worth $88,000. Blue Trust Inc. raised its position in Koninklijke Philips by 902.7% in the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after buying an additional 3,331 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Koninklijke Philips by 182.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,654 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Stock Up 0.9 %

PHG stock opened at $27.15 on Thursday. The stock has a market cap of $25.52 billion, a P/E ratio of -64.64, a P/E/G ratio of 0.96 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $29.40 and its two-hundred day simple moving average is $28.27. Koninklijke Philips has a 1-year low of $19.49 and a 1-year high of $32.91.

Analyst Ratings Changes

Several analysts have recently issued reports on PHG shares. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Koninklijke Philips presently has a consensus rating of “Hold”.

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.