American National Insurance Co. TX Has $304,000 Stake in Koninklijke Philips N.V. (PHG)

American National Insurance Co. TX continued to hold its position in Koninklijke Philips N.V. (NYSE:PHG) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,500 shares of the technology company’s stock at the end of the second quarter. American National Insurance Co. TX’s holdings in Koninklijke Philips N.V. were worth $304,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC raised its position in Koninklijke Philips N.V. by 14.4% in the first quarter. Manning & Napier Advisors LLC now owns 79,698 shares of the technology company’s stock valued at $2,559,000 after buying an additional 10,027 shares in the last quarter. Fulton Bank N.A. acquired a new position in Koninklijke Philips N.V. during the first quarter valued at about $260,000. Raymond James Trust N.A. raised its position in Koninklijke Philips N.V. by 11.3% in the first quarter. Raymond James Trust N.A. now owns 9,518 shares of the technology company’s stock valued at $306,000 after buying an additional 966 shares in the last quarter. Highland Capital Management LLC raised its position in Koninklijke Philips N.V. by 12.2% in the first quarter. Highland Capital Management LLC now owns 92,455 shares of the technology company’s stock valued at $2,969,000 after buying an additional 10,050 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Koninklijke Philips N.V. by 34.2% in the first quarter. Bank of Montreal Can now owns 41,742 shares of the technology company’s stock valued at $1,341,000 after buying an additional 10,637 shares in the last quarter. 7.02% of the stock is owned by institutional investors.

Shares of Koninklijke Philips N.V. (PHG) traded down 0.67% during trading on Friday, reaching $37.12. The company’s stock had a trading volume of 636,126 shares. Koninklijke Philips N.V. has a one year low of $27.96 and a one year high of $38.61. The firm’s 50-day moving average price is $37.01 and its 200-day moving average price is $33.98. The company has a market capitalization of $34.78 billion, a price-to-earnings ratio of 19.99 and a beta of 1.34.

Koninklijke Philips N.V. (NYSE:PHG) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by $0.18. Koninklijke Philips N.V. had a net margin of 6.39% and a return on equity of 8.92%. The business had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the firm earned $0.46 EPS. The company’s revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Koninklijke Philips N.V. will post $1.95 earnings per share for the current year.

Koninklijke Philips N.V. declared that its board has authorized a share repurchase plan on Wednesday, June 28th that permits the company to buyback outstanding shares. This buyback authorization permits the technology company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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PHG has been the subject of several recent analyst reports. Societe Generale lowered Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Zacks Investment Research raised Koninklijke Philips N.V. from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Deutsche Bank AG lowered Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Natixis lowered Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, Canaccord Genuity reissued a “buy” rating and set a $37.00 price objective on shares of Koninklijke Philips N.V. in a report on Monday, July 3rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Koninklijke Philips N.V. has an average rating of “Buy” and an average price target of $35.67.

Koninklijke Philips N.V. Company Profile

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Institutional Ownership by Quarter for Koninklijke Philips N.V. (NYSE:PHG)

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