Sanctuary Advisors LLC Boosts Stake in Koninklijke Philips (NYSE:PHG)

Sanctuary Advisors LLC lifted its holdings in shares of Koninklijke Philips (NYSE:PHG) by 17.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,435 shares of the technology company’s stock after buying an additional 8,721 shares during the period. Sanctuary Advisors LLC’s holdings in Koninklijke Philips were worth $1,912,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Kitching Partners LLC boosted its holdings in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock valued at $272,000 after acquiring an additional 356 shares during the last quarter. Holderness Investments Co. boosted its holdings in Koninklijke Philips by 3.4% in 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 during the last quarter. EverSource Wealth Advisors LLC grew its position in Koninklijke Philips by 7.3% in the 2nd 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 during the period. Roof Eidam Maycock Peralta LLC raised its stake in Koninklijke Philips by 3.4% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 23,964 shares of the technology company’s stock valued at $604,000 after buying an additional 789 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Koninklijke Philips by 1.0% during the 3rd quarter. State Street Corp now owns 82,518 shares of the technology company’s stock valued at $2,809,000 after buying an additional 844 shares during the period. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $24.71 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. The stock has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $28.16. The firm has a market capitalization of $23.23 billion, a PE ratio of -58.83, a P/E/G ratio of 0.92 and a beta of 0.76. Koninklijke Philips has a 52-week low of $19.55 and a 52-week high of $32.91.

Wall Street Analysts Forecast Growth

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