Northern Trust Corp Raises Holdings in Koninklijke Philips NV (PHG)

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Northern Trust Corp raised its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 4.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 891,199 shares of the technology company’s stock after purchasing an additional 40,536 shares during the period. Northern Trust Corp owned 0.10% of Koninklijke Philips worth $37,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHG. Flagship Harbor Advisors LLC acquired a new stake in shares of Koninklijke Philips in the second quarter valued at $110,000. Shufro Rose & Co. LLC acquired a new stake in shares of Koninklijke Philips in the second quarter valued at $202,000. Park National Corp OH acquired a new stake in shares of Koninklijke Philips in the second quarter valued at $206,000. HRT Financial LLC acquired a new stake in shares of Koninklijke Philips in the second quarter valued at $206,000. Finally, Parsec Financial Management Inc. acquired a new stake in shares of Koninklijke Philips in the second quarter valued at $207,000. 4.88% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on PHG. BNP Paribas upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Sanford C. Bernstein initiated coverage on Koninklijke Philips in a report on Thursday, September 13th. They issued an “outperform” rating for the company. Zacks Investment Research lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. ValuEngine lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Credit Suisse Group lowered Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Koninklijke Philips presently has an average rating of “Buy” and an average price target of $46.00.

NYSE:PHG traded down $0.11 during trading hours on Friday, hitting $38.25. 804,801 shares of the company’s stock traded hands, compared to its average volume of 1,399,318. The firm has a market capitalization of $36.41 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 5.87 and a beta of 1.26. Koninklijke Philips NV has a twelve month low of $35.09 and a twelve month high of $46.67. The company has a current ratio of 1.27, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

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Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

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

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