C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires New Stake in Koninklijke Philips (NYSE:PHG)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Koninklijke Philips (NYSE:PHG) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,395 shares of the technology company’s stock, valued at approximately $263,000.

A number of other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Koninklijke Philips in the third quarter valued at about $54,000. Eastern Bank acquired a new stake in Koninklijke Philips in the third quarter valued at about $88,000. RPg Family Wealth Advisory LLC acquired a new position in Koninklijke Philips during the 3rd quarter worth approximately $107,000. OLD National Bancorp IN acquired a new position in Koninklijke Philips during the 3rd quarter worth approximately $202,000. Finally, Cable Hill Partners LLC purchased a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

PHG stock opened at $28.60 on Friday. The company has a market cap of $26.88 billion, a price-to-earnings ratio of -68.08, a PEG ratio of 0.90 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $26.12 and a 200-day moving average of $28.20. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips presently has an average 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.