Koninklijke Philips NV (NYSE:PHG) is Princeton Global Asset Management LLC’s 9th Largest Position

Princeton Global Asset Management LLC boosted its holdings in Koninklijke Philips NV (NYSE:PHG) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,407 shares of the technology company’s stock after acquiring an additional 1,720 shares during the quarter. Koninklijke Philips accounts for about 2.0% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 9th largest position. Princeton Global Asset Management LLC’s holdings in Koninklijke Philips were worth $3,495,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Galibier Capital Management Ltd. increased its stake in Koninklijke Philips by 0.5% in the second quarter. Galibier Capital Management Ltd. now owns 48,926 shares of the technology company’s stock valued at $2,132,000 after acquiring an additional 243 shares during the last quarter. Profund Advisors LLC increased its position in shares of Koninklijke Philips by 1.4% during the 2nd quarter. Profund Advisors LLC now owns 17,149 shares of the technology company’s stock valued at $747,000 after purchasing an additional 243 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Koninklijke Philips by 1.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 21,102 shares of the technology company’s stock valued at $920,000 after purchasing an additional 321 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Koninklijke Philips by 2.7% during the 2nd quarter. Greenleaf Trust now owns 14,011 shares of the technology company’s stock valued at $611,000 after buying an additional 362 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of Koninklijke Philips by 7.9% during the 3rd quarter. Creative Planning now owns 6,541 shares of the technology company’s stock valued at $302,000 after buying an additional 479 shares in the last quarter. Institutional investors and hedge funds own 4.08% of the company’s stock.

Shares of PHG stock traded up $0.16 on Tuesday, hitting $46.07. 384,861 shares of the company’s stock traded hands, compared to its average volume of 670,922. The stock has a market capitalization of $41.94 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 1.57 and a beta of 1.28. The company’s fifty day simple moving average is $44.51 and its 200 day simple moving average is $44.49. Koninklijke Philips NV has a one year low of $32.98 and a one year high of $48.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 1.27.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Koninklijke Philips in a research report on Thursday, August 29th. Berenberg Bank reiterated a “buy” rating on shares of Koninklijke Philips in a research report on Monday, October 28th. Finally, ValuEngine downgraded shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Koninklijke Philips currently has an average rating of “Hold”.

About Koninklijke Philips

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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