Private Advisor Group LLC Cuts Holdings in Koninklijke Philips (NYSE:PHG)

Private Advisor Group LLC decreased its stake in shares of Koninklijke Philips (NYSE:PHG) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,811 shares of the technology company’s stock after selling 781 shares during the quarter. Private Advisor Group LLC’s holdings in Koninklijke Philips were worth $419,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Kitching Partners LLC boosted its position in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock worth $272,000 after acquiring an additional 356 shares in the last quarter. Bruce G. Allen Investments LLC boosted its position in shares of Koninklijke Philips by 6.1% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 6,590 shares of the technology company’s stock worth $166,000 after acquiring an additional 381 shares in the last quarter. Riverwater Partners LLC boosted its position in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Riverwater Partners LLC now owns 16,201 shares of the technology company’s stock worth $408,000 after acquiring an additional 534 shares in the last quarter. Holderness Investments Co. boosted its position in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock worth $424,000 after acquiring an additional 546 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Koninklijke Philips by 7.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock worth $204,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

PHG has been the subject of several analyst reports. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Koninklijke Philips Stock Up 0.0 %

Shares of NYSE PHG opened at $27.09 on Wednesday. The stock has a market cap of $25.46 billion, a PE ratio of -64.50, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 52-week low of $19.49 and a 52-week high of $32.91. The business has a 50-day moving average price of $30.66 and a 200 day moving average price of $28.10.

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.