Kestra Private Wealth Services LLC Raises Holdings in Koninklijke Philips (NYSE:PHG)

Kestra Private Wealth Services LLC boosted its stake in shares of Koninklijke Philips (NYSE:PHGGet Rating) by 40.2% in the 1st quarter, HoldingsChannel reports. The fund owned 10,432 shares of the technology company’s stock after buying an additional 2,993 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Koninklijke Philips were worth $318,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PHG. BlackRock Inc. boosted its holdings in Koninklijke Philips by 59.6% during the 1st quarter. BlackRock Inc. now owns 4,430,980 shares of the technology company’s stock valued at $135,277,000 after acquiring an additional 1,655,150 shares during the period. Thompson Siegel & Walmsley LLC purchased a new stake in Koninklijke Philips during the 1st quarter valued at about $50,119,000. Pendal Group Ltd purchased a new stake in Koninklijke Philips during the 1st quarter valued at about $41,513,000. Wellington Management Group LLP boosted its holdings in Koninklijke Philips by 16.7% during the 1st quarter. Wellington Management Group LLP now owns 8,245,236 shares of the technology company’s stock valued at $251,727,000 after acquiring an additional 1,178,744 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Koninklijke Philips by 476.3% during the 1st quarter. Renaissance Technologies LLC now owns 1,283,821 shares of the technology company’s stock valued at $39,289,000 after acquiring an additional 1,061,054 shares during the period. 14.26% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Down 3.0 %

Shares of NYSE:PHG opened at $17.60 on Wednesday. Koninklijke Philips has a 52-week low of $16.13 and a 52-week high of $48.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.70 and a current ratio of 1.19. The firm has a market capitalization of $15.65 billion, a P/E ratio of 4.33, a P/E/G ratio of 1.30 and a beta of 0.96. The stock has a 50 day moving average price of $19.20 and a 200-day moving average price of $23.86.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PHG shares. Deutsche Bank Aktiengesellschaft dropped their target price on Koninklijke Philips from €25.00 ($25.51) to €24.00 ($24.49) and set a “hold” rating for the company in a report on Tuesday, July 5th. JPMorgan Chase & Co. dropped their price objective on Koninklijke Philips from €21.30 ($21.73) to €18.80 ($19.18) and set an “underweight” rating for the company in a report on Wednesday, July 27th. Societe Generale upgraded Koninklijke Philips from a “hold” rating to a “buy” rating and dropped their price objective for the stock from €22.40 ($22.86) to €21.00 ($21.43) in a report on Monday, September 12th. UBS Group upgraded Koninklijke Philips from a “sell” rating to a “neutral” rating in a report on Monday, September 5th. Finally, Barclays dropped their price objective on Koninklijke Philips from €45.00 ($45.92) to €39.00 ($39.80) in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.97.

Koninklijke Philips Company Profile

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Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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