Sanctuary Advisors LLC Purchases New Holdings in Koninklijke Philips (NYSE:PHG)

Sanctuary Advisors LLC purchased a new position in shares of Koninklijke Philips (NYSE:PHG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 49,714 shares of the technology company's stock, valued at approximately $1,253,000.

Several other hedge funds also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in Koninklijke Philips by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 60,365 shares of the technology company's stock worth $1,207,000 after buying an additional 3,891 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Koninklijke Philips by 12.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company's stock valued at $668,000 after acquiring an additional 3,040 shares in the last quarter. OLD Mission Capital LLC lifted its holdings in Koninklijke Philips by 434.9% in the 4th quarter. OLD Mission Capital LLC now owns 434,282 shares of the technology company's stock worth $10,132,000 after purchasing an additional 353,096 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Koninklijke Philips during the second quarter worth approximately $217,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Koninklijke Philips during the first quarter valued at approximately $271,000. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Stock Performance

Shares of NYSE PHG traded up $0.30 during trading hours on Friday, hitting $32.13. 369,067 shares of the company's stock were exchanged, compared to its average volume of 980,964. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of -33.47, a PEG ratio of 1.06 and a beta of 0.74. The company's 50-day moving average price is $30.35 and its 200-day moving average price is $26.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a 1-year low of $18.06 and a 1-year high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The company had revenue of $4.80 billion during the quarter. On average, sell-side analysts expect that Koninklijke Philips will post 1.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

About Koninklijke Philips

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.