65,008 Shares in Koninklijke Philips (NYSE:PHG) Acquired by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC purchased a new position in shares of Koninklijke Philips (NYSE:PHG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 65,008 shares of the technology company’s stock, valued at approximately $2,127,000.

Several other large investors have also recently made changes to their positions in PHG. Millennium Management LLC increased its position in shares of Koninklijke Philips by 822.0% during the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after purchasing an additional 998,995 shares in the last quarter. Bank of Montreal Can grew its holdings in Koninklijke Philips by 2,883.5% in the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after buying an additional 949,278 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Koninklijke Philips by 27.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after buying an additional 864,951 shares in the last quarter. Jane Street Group LLC grew its holdings in Koninklijke Philips by 361.7% in the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after buying an additional 492,881 shares in the last quarter. Finally, Bar Harbor Wealth Management purchased a new stake in Koninklijke Philips in the 3rd quarter valued at $9,877,000. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Performance

PHG opened at $27.24 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The stock’s 50-day moving average price is $29.26 and its 200 day moving average price is $28.28. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91.

Analysts Set New Price Targets

PHG has been the subject of several analyst reports. StockNews.com cut Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Koninklijke Philips 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.