Endowment Wealth Management Inc. Purchases New Holdings in Koninklijke Philips (NYSE:PHG)

Endowment Wealth Management Inc. acquired a new stake in shares of Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,271 shares of the technology company’s stock, valued at approximately $205,000.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of 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 purchasing an additional 23,768 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Koninklijke Philips by 12.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock worth $668,000 after acquiring an additional 3,040 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Koninklijke Philips in the third quarter valued at about $1,360,000. Sanctuary Advisors LLC acquired a new position in shares of Koninklijke Philips during the second quarter worth about $1,253,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Koninklijke Philips during the second quarter worth about $217,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Price Performance

Shares of NYSE PHG opened at $25.97 on Thursday. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $30.22 and a 200 day moving average price of $28.29. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The stock has a market capitalization of $24.41 billion, a price-to-earnings ratio of -61.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Koninklijke Philips 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.