Koninklijke Philips NV (PHG) Short Interest Update
Koninklijke Philips NV (NYSE:PHG) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,098,675 shares, a decline of 30.7% from the August 31st total of 1,586,483 shares. Based on an average trading volume of 1,259,605 shares, the short-interest ratio is presently 0.9 days.
A number of large investors have recently made changes to their positions in PHG. Timber Hill LLC purchased a new stake in shares of Koninklijke Philips NV during the second quarter valued at $415,000. Glenmede Trust Co. NA boosted its position in Koninklijke Philips NV by 17.9% in the second quarter. Glenmede Trust Co. NA now owns 49,099 shares of the company’s stock worth $1,224,000 after buying an additional 7,468 shares in the last quarter. HBK Investments L P bought a new position in Koninklijke Philips NV during the first quarter worth about $365,000. Cambiar Investors LLC boosted its position in Koninklijke Philips NV by 6.6% in the second quarter. Cambiar Investors LLC now owns 4,163,464 shares of the company’s stock worth $103,837,000 after buying an additional 258,321 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its position in Koninklijke Philips NV by 28.6% in the second quarter. Schwartz Investment Counsel Inc. now owns 45,008 shares of the company’s stock worth $1,123,000 after buying an additional 10,008 shares in the last quarter. Institutional investors own 6.61% of the company’s stock.
A number of brokerages have recently issued reports on PHG. TheStreet raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
Koninklijke Philips NV (NYSE:PHG) opened at 29.36 on Tuesday. The company has a market cap of $27.23 billion, a P/E ratio of 33.36 and a beta of 1.43. Koninklijke Philips NV has a one year low of $23.00 and a one year high of $30.09. The company has a 50-day moving average of $29.07 and a 200 day moving average of $27.18.
Koninklijke Philips NV (NYSE:PHG) last announced its earnings results on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.20. The company earned $5.86 billion during the quarter, compared to the consensus estimate of $5.91 billion. Koninklijke Philips NV had a net margin of 3.01% and a return on equity of 2.93%. Koninklijke Philips NV’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Analysts anticipate that Koninklijke Philips NV will post $1.57 earnings per share for the current year.
About Koninklijke Philips NV
Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
Receive News & Stock Ratings for Koninklijke Philips NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips NV and related stocks with our FREE daily email newsletter.