Timber Creek Capital Management LLC Sells 47,835 Shares of Koninklijke Philips (NYSE:PHG)

Timber Creek Capital Management LLC cut its holdings in shares of Koninklijke Philips (NYSE:PHG) by 73.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,173 shares of the technology company’s stock after selling 47,835 shares during the period. Timber Creek Capital Management LLC’s holdings in Koninklijke Philips were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Koninklijke Philips in the fourth quarter valued at $263,000. Sanctuary Advisors LLC lifted its position in Koninklijke Philips by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 59,213 shares of the technology company’s stock worth $1,660,000 after purchasing an additional 778 shares during the period. Allworth Financial LP grew its position in Koninklijke Philips by 24.9% in the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company’s stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. ABC Arbitrage SA bought a new stake in Koninklijke Philips during the 4th quarter worth $902,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Koninklijke Philips by 20.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,856 shares of the technology company’s stock worth $223,000 after purchasing an additional 1,509 shares during the period. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Price Performance

Shares of PHG opened at $28.30 on Wednesday. The firm’s 50 day simple moving average is $26.28 and its 200 day simple moving average is $28.20. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Analyst Ratings Changes

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

Koninklijke Philips Company 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.