Strategic Advisers LLC recently announced the acquisition of new stake in Koninklijke Philips N.V. ADR (NYSE:PHG). The institutional investor has increased its shareholding in the Healthcare company by 2.54% to 6.19 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 0.68% valued currently at $144.47 million. In addition, Fidelity Management & Research Co raised its holdings by 1591.0 to 2.72 million shares. And Dimensional Fund Advisors LP has lifted its position by 15.54% or 0.36 million shares – to 2.68 million shares.
With over 0.45 million Koninklijke Philips N.V. ADR (PHG) shares trading Friday and a closing price of $23.92 on the day, the dollar volume was approximately $10.84 million. The shares have shown a positive half year performance of 5.24% and its price on 01/12/24 lost nearly -0.46%. Currently, there are 920.85M common shares owned by the public and among those 904.93M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for PHG have a consensus price objective of $20.11. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $15.00. The average price target is -8.78% below its recent price level and a downside to the estimated low will see the stock lose -59.47% over that period. But an upside of 17.52% will see the stock hit the forecast high price target while median target price for the stock is $19.00.
The top 3 mutual fund holders in Koninklijke Philips N.V. ADR are FMI Large Cap Fund, DFA International Core Equity Por, and Transamerica Mid Cap Value Opport. FMI Large Cap Fund owns 2.09 million shares of the company’s stock, all valued at over $48.76 million. The company sold -0.17 million shares recently to bring their total holdings to about 0.23% of the shares outstanding. DFA International Core Equity Por bought 0.21 million shares to see its total holdings expand to 1.24 million shares valued at over $28.89 million and representing 0.14% of the shares outstanding. Transamerica Mid Cap Value Opport sold 39100.0 shares to bring its total holdings to over 1.06 million shares at a value of $24.65 million. Transamerica Mid Cap Value Opport now owns shares totaling to 0.12% of the shares outstanding.
Shares of Koninklijke Philips N.V. ADR (NYSE: PHG) opened at $24.00, down -$0.03 from a prior closing price of $24.03. However, the script later moved the day high at 24.18, down -0.46%. The company’s stock has a 5-day price change of 1.83% and 26.29% over the past three months. PHG shares are trading 2.53% year to date (YTD), with the 12-month market performance up to 48.12% higher. It has a 12-month low price of $14.96 and touched a high of $24.27 over the same period. PHG has an average intraday trading volume of 988.90K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.57%, 11.38%, and 16.70% respectively.
Institutional ownership of Koninklijke Philips N.V. ADR (NYSE: PHG) shares accounts for 7.12% of the company’s 920.85M shares outstanding. Mutual fund holders own 1.43%, while other institutional holders and individual stakeholders account for 5.62% and — respectively.
It has a market capitalization of $21.65B and a beta (3y monthly) value of 0.91. The earnings-per-share (ttm) stands at -$2.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.43% over the week and 1.36% over the month.
Analysts forecast that Koninklijke Philips N.V. ADR (PHG) will achieve an EPS of $Pacific Gas & Electric Co. for the current quarter, $17.51 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Parker-Hannifin Corporation while analysts give the company a high EPS estimate of $PulteGroup, Inc.. Comparatively, EPS for the current quarter was $PPG Industries, Inc. a year ago. Earnings per share for the fiscal year are expected to increase by 42.10%, and 11.48% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Koninklijke Philips N.V. ADR (PHG) as a “Hold” at a consensus score of 3.17. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 7 of the 18 advise that investors “hold,” and 5 rated it as a “Sell.”
