Angeles Investment Advisors LLC Lowers Stake in Koninklijke Philips (NYSE:PHG)

Angeles Investment Advisors LLC decreased its position in shares of Koninklijke Philips (NYSE:PHG) by 27.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 14,806 shares of the technology company’s stock after selling 5,714 shares during the period. Angeles Investment Advisors LLC’s holdings in Koninklijke Philips were worth $373,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Koninklijke Philips by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 60,365 shares of the technology company’s stock valued at $1,207,000 after acquiring an additional 3,891 shares during the last quarter. Principal Securities Inc. acquired a new position in Koninklijke Philips in the fourth quarter valued at $27,000. Corient Private Wealth LLC increased its stake in Koninklijke Philips by 21.0% in the fourth quarter. Corient Private Wealth LLC now owns 64,724 shares of the technology company’s stock valued at $1,510,000 after purchasing an additional 11,211 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Koninklijke Philips by 12.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock worth $668,000 after buying an additional 3,040 shares during the last quarter. Finally, OLD Mission Capital LLC boosted its stake in Koninklijke Philips by 434.9% in the 4th quarter. OLD Mission Capital LLC now owns 434,282 shares of the technology company’s stock worth $10,132,000 after buying an additional 353,096 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 0.1 %

Shares of PHG opened at $30.74 on Monday. The firm has a market cap of $28.89 billion, a PE ratio of -32.02, a price-to-earnings-growth ratio of 1.05 and a beta of 0.73. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $28.44 and its two-hundred day moving average is $25.40. Koninklijke Philips has a fifty-two week low of $17.75 and a fifty-two week high of $30.91.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The firm had revenue of $4.80 billion for the quarter. Analysts forecast that Koninklijke Philips will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Koninklijke Philips presently has an average 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.