Manning & Napier Group LLC Buys 1,523 Shares of Koninklijke Philips NV (NYSE:PHG)

Manning & Napier Group LLC increased its holdings in Koninklijke Philips NV (NYSE:PHG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,923 shares of the technology company’s stock after acquiring an additional 1,523 shares during the quarter. Manning & Napier Group LLC’s holdings in Koninklijke Philips were worth $4,069,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PHG. Clean Yield Group bought a new stake in Koninklijke Philips in the fourth quarter valued at about $29,000. Stratos Wealth Partners LTD. bought a new stake in Koninklijke Philips in the third quarter valued at about $154,000. Quadrant Capital Group LLC increased its holdings in Koninklijke Philips by 169.9% in the fourth quarter. Quadrant Capital Group LLC now owns 4,704 shares of the technology company’s stock valued at $156,000 after buying an additional 2,961 shares during the last quarter. Quantbot Technologies LP bought a new stake in Koninklijke Philips in the third quarter valued at about $160,000. Finally, Dean Capital Investments Management LLC bought a new stake in Koninklijke Philips in the third quarter valued at about $221,000. Institutional investors and hedge funds own 4.66% of the company’s stock.

Several brokerages recently weighed in on PHG. Zacks Investment Research lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. ValuEngine lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $46.00.

NYSE:PHG opened at $38.57 on Monday. The company has a market cap of $35.72 billion, a PE ratio of 18.54, a P/E/G ratio of 1.11 and a beta of 1.22. Koninklijke Philips NV has a 52 week low of $32.98 and a 52 week high of $46.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.21 and a quick ratio of 0.87.

Koninklijke Philips (NYSE:PHG) last posted its earnings results on Tuesday, January 29th. The technology company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. Koninklijke Philips had a return on equity of 11.17% and a net margin of 5.91%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. Equities research analysts anticipate that Koninklijke Philips NV will post 2.28 EPS for the current year.

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Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

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

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