Koninklijke Philips (NYSE:PHG) Shares Sold by Diligent Investors LLC

Diligent Investors LLC decreased its holdings in Koninklijke Philips (NYSE:PHGFree Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,517 shares of the technology company’s stock after selling 1,812 shares during the period. Diligent Investors LLC’s holdings in Koninklijke Philips were worth $339,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its holdings in Koninklijke Philips by 166.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,600 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Koninklijke Philips by 28.7% during the 1st quarter. Advisory Services Network LLC now owns 2,226 shares of the technology company’s stock worth $41,000 after buying an additional 496 shares during the last quarter. Credit Suisse AG acquired a new stake in shares of Koninklijke Philips during the 2nd quarter worth approximately $65,000. Allworth Financial LP increased its holdings in shares of Koninklijke Philips by 113.3% during the 3rd quarter. Allworth Financial LP now owns 3,242 shares of the technology company’s stock worth $65,000 after buying an additional 1,722 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Koninklijke Philips by 127.2% during the 3rd quarter. Spire Wealth Management now owns 3,446 shares of the technology company’s stock worth $69,000 after buying an additional 1,929 shares during the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

Koninklijke Philips Stock Performance

PHG remained flat at $20.67 on Tuesday. 116,154 shares of the company’s stock traded hands, compared to its average volume of 1,028,389. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average price of $21.43 and a two-hundred day moving average price of $20.98. Koninklijke Philips has a one year low of $15.63 and a one year high of $24.27. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of -36.23, a P/E/G ratio of 0.96 and a beta of 0.88.

Koninklijke Philips (NYSE:PHGGet Free Report) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.47 billion. Koninklijke Philips had a negative net margin of 2.53% and a positive return on equity of 14.17%. Analysts forecast that Koninklijke Philips will post 1.56 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Get Our Latest Report on Koninklijke Philips

Koninklijke Philips Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.