International Assets Investment Management LLC Invests $1.36 Million in Koninklijke Philips (NYSE:PHG)

International Assets Investment Management LLC acquired a new position in Koninklijke Philips (NYSE:PHG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,499 shares of the technology company's stock, valued at approximately $1,360,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Koninklijke Philips in the first quarter worth about $40,000. Fairscale Capital LLC purchased a new stake in shares of Koninklijke Philips during the second quarter valued at about $54,000. Eastern Bank purchased a new position in Koninklijke Philips in the 3rd quarter worth $88,000. CWM LLC boosted its holdings in shares of Koninklijke Philips by 21.9% in the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company's stock valued at $86,000 after acquiring an additional 616 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company's stock valued at $93,000 after acquiring an additional 3,331 shares in the last quarter. Institutional investors own 13.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PHG. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Monday, July 15th. Jefferies Financial Group raised shares of Koninklijke Philips from an "underperform" rating to a "hold" rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Koninklijke Philips Price Performance

NYSE PHG traded up $0.01 on Tuesday, hitting $27.09. 653,368 shares of the company were exchanged, compared to its average volume of 987,124. 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 company has a market cap of $25.46 billion, a P/E ratio of -64.50, a P/E/G ratio of 0.93 and a beta of 0.77. The firm has a 50 day moving average of $30.66 and a two-hundred day moving average of $28.10. Koninklijke Philips has a 1-year low of $19.49 and a 1-year high of $32.91.

Koninklijke Philips 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.