Wed Sep 25 07:35:03 UTC 2024: ## Rhumbline Advisers Increases Holdings in Koninklijke Philips

**New York, NY – September 25, 2024** – Rhumbline Advisers, a prominent investment firm, increased its stake in Koninklijke Philips (NYSE: PHG) by 5.3% during the second quarter, according to its latest 13F filing. The fund now owns 28,170 shares of the technology company, valued at $710,000.

This move comes amidst a broader trend of institutional investors adjusting their positions in PHG. Other notable changes include:

* **Financial Counselors Inc.** boosted its holdings in Koninklijke Philips by 0.6%, now owning 137,514 shares worth $3,465,000.
* **Natixis Advisors LLC** lifted its position by 5.2%, now owning 930,085 shares valued at $23,438,000.
* **Ritholtz Wealth Management** acquired a new position in PHG during the second quarter, worth approximately $222,000.
* **Commonwealth Equity Services LLC** expanded its position in Koninklijke Philips by 22.0%, now owning 67,625 shares worth $1,704,000.
* **Foster Group Inc.** also purchased a new stake in the company during the quarter, valued at around $223,000.

Overall, institutional investors and hedge funds currently hold 13.67% of the company’s stock.

Shares of PHG opened at $30.80 on Wednesday. The company boasts a market capitalization of $28.95 billion and a P/E ratio of -32.08. StockNews.com recently upgraded Koninklijke Philips from a “hold” rating to a “buy” rating, while other analysts maintain a “hold” rating. MarketBeat.com currently gives the company a consensus rating of “Hold.”

Koninklijke Philips N.V. is a global health technology company operating across various segments, including diagnosis and treatment, connected care, and personal health. The company is known for its diagnostic imaging solutions, echography systems, and interventional devices.

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