Perpetual Ltd Reduces Stake in Koninklijke Philips (NYSE:PHG)

Perpetual Ltd cut its position in shares of Koninklijke Philips (NYSE:PHG) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,100,563 shares of the technology company’s stock after selling 77,125 shares during the quarter. Perpetual Ltd owned 0.12% of Koninklijke Philips worth $27,866,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PHG. Kitching Partners LLC raised its stake in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after buying an additional 356 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Koninklijke Philips by 7.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock valued at $204,000 after acquiring an additional 550 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Koninklijke Philips by 1.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock valued at $1,300,000 after acquiring an additional 562 shares in the last quarter. GAMMA Investing LLC raised its position in Koninklijke Philips by 6.3% during the fourth quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company’s stock worth $278,000 after acquiring an additional 648 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Koninklijke Philips by 1.0% in the third quarter. State Street Corp now owns 82,518 shares of the technology company’s stock valued at $2,809,000 after purchasing an additional 844 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PHG. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com cut Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

NYSE:PHG opened at $25.82 on Tuesday. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of -61.46, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77. The company’s 50-day moving average is $25.85 and its two-hundred day moving average is $28.09. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.