First Affirmative Financial Network Raises Stock Holdings in Koninklijke Philips (NYSE:PHG)

First Affirmative Financial Network raised its stake in shares of Koninklijke Philips (NYSE:PHG) by 5.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,950 shares of the technology company’s stock after buying an additional 611 shares during the period. First Affirmative Financial Network’s holdings in Koninklijke Philips were worth $277,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PHG. FMR LLC raised its stake in shares of Koninklijke Philips by 0.6% during the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock worth $200,859,000 after buying an additional 35,935 shares during the period. Creative Planning raised its position in Koninklijke Philips by 39.3% during the third quarter. Creative Planning now owns 84,263 shares of the technology company’s stock worth $2,757,000 after acquiring an additional 23,768 shares during the period. International Assets Investment Management LLC acquired a new position in Koninklijke Philips during the third quarter worth $1,360,000. JPMorgan Chase & Co. lifted its holdings in Koninklijke Philips by 315.0% during the third quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company’s stock valued at $8,040,000 after purchasing an additional 186,520 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Koninklijke Philips in the second quarter valued at about $1,253,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Price Performance

Shares of PHG stock opened at $28.07 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91. The firm’s 50 day moving average price is $25.97 and its 200-day moving average price is $28.09.

Wall Street Analyst Weigh In

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

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.