Koninklijke Philips (NYSE:PHG – Get Rating) was the target of unusually large options trading on Monday. Stock investors bought 2,170 call options on the stock. This is an increase of approximately 73% compared to the average daily volume of 1,254 call options.
Wall Street Analyst Weigh In
Several analysts recently issued reports on PHG shares. Barclays cut their price objective on Koninklijke Philips from €19.00 ($21.11) to €18.50 ($20.56) and set an “overweight” rating for the company in a report on Tuesday, January 10th. UBS Group lowered Koninklijke Philips from a “neutral” rating to a “sell” rating in a report on Tuesday, January 17th. Societe Generale upgraded Koninklijke Philips from a “sell” rating to a “hold” rating in a report on Tuesday. Sanford C. Bernstein started coverage on Koninklijke Philips in a report on Tuesday, March 7th. They set a “market perform” rating for the company. Finally, Morgan Stanley cut their price objective on Koninklijke Philips from €17.00 ($18.89) to €16.00 ($17.78) and set an “equal weight” rating for the company in a report on Tuesday, January 17th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.79.
Institutional Investors Weigh In On Koninklijke Philips
A number of institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Koninklijke Philips by 44.0% during the first quarter. Parallel Advisors LLC now owns 4,029 shares of the technology company’s stock worth $74,000 after buying an additional 1,232 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Koninklijke Philips by 1,070.3% during the first quarter. Geneos Wealth Management Inc. now owns 3,745 shares of the technology company’s stock worth $69,000 after buying an additional 3,425 shares in the last quarter. DB Fitzpatrick & Co Inc grew its position in Koninklijke Philips by 30.4% during the first quarter. DB Fitzpatrick & Co Inc now owns 45,933 shares of the technology company’s stock worth $843,000 after buying an additional 10,713 shares in the last quarter. Strategic Wealth Partners Ltd. grew its position in Koninklijke Philips by 49.1% during the first quarter. Strategic Wealth Partners Ltd. now owns 90,889 shares of the technology company’s stock worth $1,668,000 after buying an additional 29,938 shares in the last quarter. Finally, 44 Wealth Management LLC grew its position in Koninklijke Philips by 31.7% during the first quarter. 44 Wealth Management LLC now owns 28,485 shares of the technology company’s stock worth $523,000 after buying an additional 6,853 shares in the last quarter. 10.17% of the stock is owned by institutional investors and hedge funds.
Koninklijke Philips Trading Down 3.5 %
Koninklijke Philips (NYSE:PHG – Get Rating) last posted its quarterly earnings data on Monday, January 30th. The technology company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.36. The business had revenue of $5.54 billion for the quarter, compared to analyst estimates of $4.91 billion. Koninklijke Philips had a positive return on equity of 6.86% and a negative net margin of 7.67%. Equities research analysts forecast that Koninklijke Philips will post 1.03 earnings per share for the current year.
About Koninklijke Philips
Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Diagnosis and Treatment businesses; Connected Care businesses; Personal Health businesses; and Other. The Diagnosis and Treatment businesses segment consists systems, smart devices, software and services, powered by AI-enabled informatics-that support precision diagnoses and minimally invasive procedures in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology.
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