Fiduciary Management, Inc. has recently announced that it has increased stake in Koninklijke Philips N.V. (NYSE:PHG) by 26.73%. After grabbing 8.69 million shares, the institutional investor is now in possession of 1.83 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.98% having worth around $141.87 million. Moreover, Strategic Advisers LLC increased its share by 0.77 million to have a control over 4.61 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.88 million shares by acquiring 3.56 million shares or 0.40% of the stake.
Koninklijke Philips N.V. (PHG) concluded trading on 03/15/23 at a closing price of $16.01, with 2.51 million shares of worth about $40.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.60% during that period and on Wednesday the price saw a loss of about -5.93%. Currently the company’s common shares owned by public are about 889.18M shares, out of which, 880.51M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the PHG stock and their offered price forecasts bring an average price target of $16.78. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $32.61 and could fall to a lowest price of $9.78. The stock’s current price level is 48.52% above of average price target set by the analysts, while a rise to estimated low would result in loss of -63.7% for the stock. However, touching the estimated high of $32.61 would mean a gain of 50.9% for the stock.
FMI Large Cap Fund, Transamerica Mid Cap Value Opport, and DFA International Core Equity Por are the top 3 mutual funds which are holding stakes in Koninklijke Philips N.V. FMI Large Cap Fund is currently holding 2.2 million shares of worth totaling $35.93 million. The company recently came buying 65000.0 shares which brought its stake up to 0.25% of the company’s outstanding shares. Transamerica Mid Cap Value Opport sold 62600.0 shares, after which its hold over company’s outstanding shares shrunk to 0.14%, leaving 1.2 million shares with the mutual fund that have a worth of about $19.61 million. DFA International Core Equity Por, after buying 0.99 million shares, have now control over 0.11% of the stake in the company. It holds 0.22 million shares of worth $16.11 million.
Koninklijke Philips N.V. (NYSE: PHG) started trading at $15.78, below -$1.24 from concluding price of the previous day. However, the stock later moved at a day high price of 16.06, or with a loss of -5.93%. Stock saw a price change of -2.67% in past 5 days and over the past one month there was a price change of -5.43%. Year-to-date (YTD), PHG shares are showing a performance of 6.80% which decreased to -48.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.75 but also hit the highest price of $32.21 during that period. The average intraday trading volume for Koninklijke Philips N.V. shares is 2.39 million. The stock is currently trading -4.04% below its 20-day simple moving average (SMA20), while that difference is down -4.65% for SMA50 and it goes to -7.95% lower than SMA200.
Fiduciary Management, Inc. acquired 8.69 million shares of Koninklijke Philips N.V. having value of about $141.87 million. Data submitted at the U.S SEC by Fiduciary Management, Inc. revealed that the firm now holds 1.83 million shares in the company valued at close to $29339301.61, or have control over 26.73% stake in the company. Koninklijke Philips N.V. (NYSE: PHG) currently have 889.18M outstanding shares and institutions hold larger chunk of about 10.60% of that. Holding of mutual funds in the company is about 1.41% while other institutional holders and individual stake holders have control over 7.57% and — of the stake respectively.
The stock has a current market capitalization of $14.63B and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$1.94 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PHG, volatility over the week remained 2.62% while standing at 2.01% over the month.
Analysts are in expectations that Koninklijke Philips N.V. (PHG) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -375.10%. EPS is likely to grow at an annualized rate of 11.10% for next 5-years, compared to annual growth of -33.10% made by the stock over the past 5-years.
Analysts at 16 brokerage firms have issued recommendations for the Koninklijke Philips N.V. (PHG)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 16 Wall Street analysts, 2 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 6 analyst recommended the stock as “Sell”.
Stock get a Neutral rating from UBS on September 06, 2022.
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