Signaturefd LLC Sells 488 Shares of Koninklijke Philips (NYSE:PHG)

Signaturefd LLC trimmed its position in Koninklijke Philips (NYSE:PHG) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 23,932 shares of the technology company’s stock after selling 488 shares during the period. Signaturefd LLC’s holdings in Koninklijke Philips were worth $558,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PHG. Brandywine Global Investment Management LLC acquired a new position in shares of Koninklijke Philips in the 3rd quarter valued at $36,544,000. Envestnet Asset Management Inc. lifted its stake in shares of Koninklijke Philips by 29.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company’s stock valued at $28,872,000 after purchasing an additional 328,922 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Koninklijke Philips in the 3rd quarter valued at $4,323,000. FMR LLC lifted its stake in shares of Koninklijke Philips by 1.7% in the 3rd quarter. FMR LLC now owns 9,516,906 shares of the technology company’s stock valued at $189,767,000 after purchasing an additional 155,055 shares during the period. Finally, Barclays PLC acquired a new stake in Koninklijke Philips during the 3rd quarter worth $2,310,000. 13.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PHG. BNP Paribas downgraded Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th. StockNews.com raised Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Koninklijke Philips has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Koninklijke Philips Stock Performance

PHG stock opened at $20.97 on Thursday. The stock has a 50-day moving average price of $20.41 and a two-hundred day moving average price of $20.89. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. Koninklijke Philips has a 1 year low of $17.75 and a 1 year high of $24.27.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Monday, January 29th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.47 billion. Koninklijke Philips had a positive return on equity of 14.17% and a negative net margin of 2.53%. Analysts expect that Koninklijke Philips will post 1.53 EPS for the current year.

About Koninklijke Philips

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.