Allspring Global Investments Holdings LLC Raises Position in Koninklijke Philips (NYSE:PHG)

Allspring Global Investments Holdings LLC boosted its holdings in Koninklijke Philips (NYSE:PHG) by 29.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,347 shares of the technology company’s stock after purchasing an additional 1,690 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Koninklijke Philips were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in Koninklijke Philips during the second quarter valued at approximately $54,000. CWM LLC raised its position in shares of Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after purchasing an additional 616 shares during the period. Headlands Technologies LLC purchased a new position in shares of Koninklijke Philips during the 1st quarter valued at $91,000. Blue Trust Inc. boosted its holdings in Koninklijke Philips by 902.7% in the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after buying an additional 3,331 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Koninklijke Philips by 42.6% in the 1st quarter. 1832 Asset Management L.P. now owns 5,945 shares of the technology company’s stock worth $119,000 after buying an additional 1,777 shares in the last quarter. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Trading Up 1.1 %

Shares of NYSE:PHG opened at $26.49 on Monday. The company has a market capitalization of $24.90 billion, a PE ratio of -63.07, a P/E/G ratio of 0.92 and a beta of 0.77. The business’s fifty day simple moving average is $30.78 and its 200-day simple moving average is $28.00. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Koninklijke Philips currently has a consensus rating of “Hold”.

Koninklijke Philips 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.