Bank of Montreal Can Boosts Position in Koninklijke Philips (NYSE:PHG)

Bank of Montreal Can boosted its position in shares of Koninklijke Philips (NYSE:PHG) by 2,883.5% during the third quarter, Holdings Channel reports. The firm owned 982,199 shares of the technology company’s stock after buying an additional 949,278 shares during the quarter. Bank of Montreal Can’s holdings in Koninklijke Philips were worth $32,157,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Kitching Partners LLC boosted its position in Koninklijke Philips by 3.4% during the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after purchasing an additional 356 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in Koninklijke Philips by 6.1% during the second quarter. Bruce G. Allen Investments LLC now owns 6,590 shares of the technology company’s stock worth $166,000 after purchasing an additional 381 shares in the last quarter. Riverwater Partners LLC boosted its position in Koninklijke Philips by 3.4% during the second quarter. Riverwater Partners LLC now owns 16,201 shares of the technology company’s stock worth $408,000 after purchasing an additional 534 shares in the last quarter. Holderness Investments Co. boosted its position in Koninklijke Philips by 3.4% during the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock worth $424,000 after purchasing an additional 546 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Koninklijke Philips by 7.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock worth $204,000 after purchasing an additional 550 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PHG shares. StockNews.com cut Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five investment 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, the company has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE PHG opened at $27.15 on Friday. Koninklijke Philips has a fifty-two week low of $19.49 and a fifty-two week high of $32.91. The stock has a market cap of $25.52 billion, a price-to-earnings ratio of -64.64, a price-to-earnings-growth ratio of 0.96 and a beta of 0.77. The business has a fifty day moving average of $29.33 and a 200-day moving average of $28.27. 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 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.