Sio Capital Management LLC boosted its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,742 shares of the technology company’s stock after purchasing an additional 8,913 shares during the period. Koninklijke Philips comprises 1.8% of Sio Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Sio Capital Management LLC’s holdings in Koninklijke Philips were worth $2,940,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Icon Wealth Partners LLC bought a new stake in Koninklijke Philips in the 4th quarter valued at $128,000. Bedel Financial Consulting Inc. acquired a new position in Koninklijke Philips in the 1st quarter valued at about $168,000. Advisor Group Inc. grew its stake in Koninklijke Philips by 45.9% in the 4th quarter. Advisor Group Inc. now owns 5,900 shares of the technology company’s stock valued at $224,000 after buying an additional 1,855 shares during the last quarter. Investors Research Corp acquired a new position in shares of Koninklijke Philips during the 4th quarter worth approximately $229,000. Finally, Signaturefd LLC acquired a new position in shares of Koninklijke Philips during the 1st quarter worth approximately $235,000. Institutional investors own 5.44% of the company’s stock.
Shares of PHG stock opened at $42.27 on Friday. The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 2.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.47. Koninklijke Philips NV has a 52 week low of $35.24 and a 52 week high of $43.45.
Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, April 23rd. The technology company reported $0.20 EPS for the quarter. The company had revenue of $4.84 billion during the quarter. Koninklijke Philips had a net margin of 8.76% and a return on equity of 7.08%. research analysts predict that Koninklijke Philips NV will post 2.13 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Deutsche Bank upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Tuesday, April 17th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Koninklijke Philips presently has a consensus rating of “Buy” and an average price target of $42.50.
About Koninklijke Philips
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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