Koninklijke Philips NV (NYSE:PHG) Position Raised by Schafer Cullen Capital Management Inc

Schafer Cullen Capital Management Inc increased its position in shares of Koninklijke Philips NV (NYSE:PHG) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,279 shares of the technology company’s stock after purchasing an additional 655 shares during the period. Schafer Cullen Capital Management Inc’s holdings in Koninklijke Philips were worth $894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PHG. Janney Montgomery Scott LLC raised its position in shares of Koninklijke Philips by 1.5% during the second quarter. Janney Montgomery Scott LLC now owns 21,102 shares of the technology company’s stock valued at $920,000 after buying an additional 321 shares during the last quarter. KCS Wealth Advisory grew its position in shares of Koninklijke Philips by 5.1% in the 2nd quarter. KCS Wealth Advisory now owns 25,294 shares of the technology company’s stock valued at $1,102,000 after acquiring an additional 1,227 shares during the period. Cambridge Trust Co. bought a new position in shares of Koninklijke Philips in the 2nd quarter valued at about $209,000. Boston Common Asset Management LLC grew its position in shares of Koninklijke Philips by 18.3% in the 2nd quarter. Boston Common Asset Management LLC now owns 158,179 shares of the technology company’s stock valued at $6,893,000 after acquiring an additional 24,452 shares during the period. Finally, Advisor Partners LLC grew its position in shares of Koninklijke Philips by 6.5% in the 2nd quarter. Advisor Partners LLC now owns 13,083 shares of the technology company’s stock valued at $570,000 after acquiring an additional 799 shares during the period. 4.01% of the stock is currently owned by institutional investors.

Shares of NYSE:PHG traded down $0.34 during trading on Friday, reaching $46.37. The stock had a trading volume of 321,989 shares, compared to its average volume of 821,820. The business’s fifty day moving average is $44.95. The company has a current ratio of 1.27, a quick ratio of 0.85 and a debt-to-equity ratio of 0.40. Koninklijke Philips NV has a 52 week low of $32.98 and a 52 week high of $48.28. The stock has a market capitalization of $42.60 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

Separately, Citigroup began coverage on shares of Koninklijke Philips in a report on Tuesday, July 30th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.00.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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

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