Kitching Partners LLC Has $272,000 Stock Holdings in Koninklijke Philips (NYSE:PHG)

Kitching Partners LLC grew its stake in shares of Koninklijke Philips (NYSE:PHG) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,802 shares of the technology company’s stock after purchasing an additional 356 shares during the quarter. Koninklijke Philips comprises about 0.5% of Kitching Partners LLC’s portfolio, making the stock its 19th biggest holding. Kitching Partners LLC’s holdings in Koninklijke Philips were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHG. Millennium Management LLC increased its holdings in Koninklijke Philips by 822.0% during 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 last quarter. Marshall Wace LLP acquired a new position in shares of Koninklijke Philips during the 2nd quarter worth about $1,065,000. Bank of Montreal Can increased its stake in shares of Koninklijke Philips by 52.1% during the 2nd quarter. Bank of Montreal Can now owns 32,921 shares of the technology company’s stock worth $866,000 after purchasing an additional 11,282 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Koninklijke Philips in the 2nd quarter valued at about $219,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $204,000 after purchasing an additional 550 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Trading Up 3.7 %

PHG stock opened at $32.74 on Friday. Koninklijke Philips has a one year low of $17.75 and a one year high of $32.88. The stock has a market cap of $30.77 billion, a price-to-earnings ratio of -34.10, a price-to-earnings-growth ratio of 1.02 and a beta of 0.73. The company has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $26.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. The business had revenue of $4.80 billion during the quarter. Equities analysts anticipate that Koninklijke Philips will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.