Koninklijke Philips (NYSE:PHG) Shares Sold by Perpetual Ltd

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

Several other large investors have also recently added to or reduced their stakes in PHG. Millennium Management LLC grew its holdings in Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after buying an additional 998,995 shares during the period. Bank of Montreal Can boosted its position in shares of Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after acquiring an additional 949,278 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after purchasing an additional 864,951 shares during the period. IHT Wealth Management LLC acquired a new position in Koninklijke Philips during the third quarter worth approximately $19,593,000. Finally, Bar Harbor Wealth Management purchased a new position in Koninklijke Philips during the third quarter worth approximately $9,877,000. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PHG has been the subject of several research reports. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 0.3 %

PHG opened at $25.82 on Tuesday. Koninklijke Philips has a 1 year low of $19.55 and a 1 year high of $32.91. The firm has a 50 day moving average price of $25.85 and a 200 day moving average price of $28.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. The company has a market cap of $24.26 billion, a PE ratio of -61.46, a price-to-earnings-growth ratio of 0.86 and a beta of 0.77.

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.