Regentatlantic Capital LLC lowered its position in shares of Koninklijke Philips NV (NYSE:PHG) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,927 shares of the technology company’s stock after selling 721 shares during the quarter. Regentatlantic Capital LLC’s holdings in Koninklijke Philips were worth $781,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. raised its holdings in shares of Koninklijke Philips by 130.6% during the first quarter. Cornerstone Advisors Inc. now owns 611 shares of the technology company’s stock valued at $25,000 after acquiring an additional 346 shares during the period. Destination Wealth Management raised its holdings in shares of Koninklijke Philips by 37.8% during the second quarter. Destination Wealth Management now owns 868 shares of the technology company’s stock valued at $38,000 after acquiring an additional 238 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Koninklijke Philips during the first quarter valued at approximately $37,000. Hanson McClain Inc. acquired a new stake in shares of Koninklijke Philips during the first quarter valued at approximately $41,000. Finally, BSW Wealth Partners acquired a new stake in shares of Koninklijke Philips during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 3.98% of the company’s stock.
Separately, Citigroup assumed coverage on shares of Koninklijke Philips in a report on Tuesday, July 30th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Koninklijke Philips has a consensus rating of “Hold” and an average price target of $46.00.
Koninklijke Philips stock traded down $0.95 during trading hours on Friday, hitting $46.61. The company had a trading volume of 872,731 shares, compared to its average volume of 772,114. The firm has a market capitalization of $44.05 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average is $44.31. Koninklijke Philips NV has a fifty-two week low of $32.98 and a fifty-two week high of $48.28.
About Koninklijke Philips
Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.
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