Koninklijke Philips (NYSE:PHG) Stock Rating Lowered by Wall Street Zen

Koninklijke Philips (NYSE:PHG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Koninklijke Philips Stock Up 1.0%

PHG stock opened at $26.46 on Friday. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.91. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The stock has a market cap of $25.48 billion, a P/E ratio of 139.26, a PEG ratio of 0.72 and a beta of 0.75. The business’s 50-day moving average price is $24.03 and its 200-day moving average price is $24.97.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.29 by $0.12. Koninklijke Philips had a return on equity of 11.95% and a net margin of 1.00%. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.35 billion. On average, equities research analysts forecast that Koninklijke Philips will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

Several large investors have recently made changes to their positions in PHG. LPL Financial LLC lifted its position in shares of Koninklijke Philips by 12.1% in the fourth quarter. LPL Financial LLC now owns 99,911 shares of the technology company’s stock valued at $2,530,000 after acquiring an additional 10,766 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Koninklijke Philips by 38.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 13,497 shares of the technology company’s stock worth $342,000 after purchasing an additional 3,731 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Koninklijke Philips by 107.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 129,624 shares of the technology company’s stock worth $3,282,000 after purchasing an additional 67,289 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Koninklijke Philips by 6.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,533 shares of the technology company’s stock worth $748,000 after purchasing an additional 1,671 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Koninklijke Philips by 1,582.6% in the 4th quarter. Huntington National Bank now owns 4,745 shares of the technology company’s stock worth $120,000 after purchasing an additional 4,463 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

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.