Koninklijke Philips NV (NYSE:PHG) Short Interest Down 8.7% in August

Koninklijke Philips NV (NYSE:PHG) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 957,400 shares, a decline of 8.7% from the July 31st total of 1,048,700 shares. Based on an average daily volume of 610,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.1% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHG. BlackRock Inc. increased its position in Koninklijke Philips by 15.6% during the 1st quarter. BlackRock Inc. now owns 6,945,570 shares of the technology company’s stock worth $283,796,000 after purchasing an additional 936,983 shares during the period. Morgan Stanley increased its position in Koninklijke Philips by 59.4% during the 2nd quarter. Morgan Stanley now owns 1,568,350 shares of the technology company’s stock worth $68,349,000 after purchasing an additional 584,489 shares during the period. Renaissance Technologies LLC increased its position in Koninklijke Philips by 245.5% during the 2nd quarter. Renaissance Technologies LLC now owns 474,248 shares of the technology company’s stock worth $20,613,000 after purchasing an additional 336,968 shares during the period. Edge Capital Group LLC acquired a new position in Koninklijke Philips during the 2nd quarter worth approximately $8,228,000. Finally, Citigroup Inc. boosted its stake in shares of Koninklijke Philips by 638.7% during the 1st quarter. Citigroup Inc. now owns 182,897 shares of the technology company’s stock worth $7,473,000 after acquiring an additional 158,137 shares in the last quarter. Institutional investors own 4.12% of the company’s stock.

NYSE PHG traded up $0.20 on Friday, hitting $47.77. 819,341 shares of the company’s stock were exchanged, compared to its average volume of 705,857. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 0.85. The firm’s 50-day moving average price is $46.65 and its two-hundred day moving average price is $42.62. Koninklijke Philips has a fifty-two week low of $32.98 and a fifty-two week high of $48.28. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.40 and a beta of 1.25.



Koninklijke Philips (NYSE:PHG) last released its earnings results on Monday, July 22nd. The technology company reported $0.49 earnings per share (EPS) for the quarter. Koninklijke Philips had a return on equity of 13.79% and a net margin of 7.34%. The company had revenue of $5.25 billion for the quarter. On average, research analysts predict that Koninklijke Philips will post 2.14 earnings per share for the current fiscal year.

Several research firms have issued reports on PHG. Citigroup began coverage on Koninklijke Philips in a research report on Tuesday, July 30th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Koninklijke Philips in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.00.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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