C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Position 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) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,395 shares of the technology company’s stock, valued at approximately $263,000.

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

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $28.60 on Friday. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91. The stock has a market capitalization 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 50-day simple moving average of $26.12 and a 200-day simple moving average of $28.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16.

Wall Street Analysts Forecast Growth

PHG has been the topic of a number of research reports. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company 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.