Fmr LLC Raises Holdings in Koninklijke Philips (NYSE:PHG)

FMR LLC increased its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,138,708 shares of the technology company's stock after buying an additional 35,935 shares during the period. FMR LLC owned about 0.65% of Koninklijke Philips worth $200,859,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning grew its stake in Koninklijke Philips by 39.3% in the third quarter. Creative Planning now owns 84,263 shares of the technology company's stock valued at $2,757,000 after purchasing an additional 23,768 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Koninklijke Philips by 12.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company's stock valued at $668,000 after purchasing an additional 3,040 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Koninklijke Philips in the third quarter valued at about $1,360,000. Sanctuary Advisors LLC purchased a new position in Koninklijke Philips in the second quarter valued at about $1,253,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Koninklijke Philips in the second quarter worth about $217,000. Hedge funds and other institutional investors own 13.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PHG. Jefferies Financial Group raised Koninklijke Philips from an "underperform" rating to a "hold" rating in a report on Tuesday, October 29th. StockNews.com cut Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Koninklijke Philips presently has an average rating of "Hold".

Koninklijke Philips Stock Down 1.4 %

Shares of PHG traded down $0.37 during trading hours on Tuesday, hitting $26.49. 375,389 shares of the stock were exchanged, compared to its average volume of 954,898. The stock's 50-day moving average price is $29.26 and its two-hundred day moving average price is $28.28. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91.

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.