Pekin Hardy Strauss Inc. Acquires Shares of 7,000 Koninklijke Philips (NYSE:PHG)

Pekin Hardy Strauss Inc. bought a new position in Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 7,000 shares of the technology company’s stock, valued at approximately $229,000.

Other large investors have also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in Koninklijke Philips by 822.0% in the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after buying an additional 998,995 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after purchasing an additional 864,951 shares during the period. Jane Street Group LLC boosted its position in shares of Koninklijke Philips by 361.7% during the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after purchasing an additional 492,881 shares in the last quarter. Bar Harbor Wealth Management purchased a new stake in Koninklijke Philips in the third quarter worth $9,877,000. Finally, Summit Securities Group LLC grew its stake in Koninklijke Philips by 195.3% in the second quarter. Summit Securities Group LLC now owns 210,474 shares of the technology company’s stock worth $5,304,000 after purchasing an additional 139,193 shares during the period. Institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

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

Koninklijke Philips Trading Up 3.0 %

Koninklijke Philips stock opened at $27.18 on Tuesday. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of -64.71, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77. The business’s fifty day simple moving average is $29.56 and its two-hundred day simple moving average is $28.28. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

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.