Raymond James Trust N.A. Has $530,000 Stock Position in Koninklijke Philips (NYSE:PHG)

Raymond James Trust N.A. trimmed its stake in Koninklijke Philips (NYSE:PHG) by 28.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,196 shares of the technology company’s stock after selling 6,307 shares during the quarter. Raymond James Trust N.A.’s holdings in Koninklijke Philips were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PHG. Charles Schwab Investment Management Inc. grew its position in shares of Koninklijke Philips by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company’s stock valued at $1,809,000 after acquiring an additional 11,538 shares during the period. West Family Investments Inc. bought a new position in shares of Koninklijke Philips during the third quarter worth approximately $252,000. PNC Financial Services Group Inc. lifted its holdings in Koninklijke Philips by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 36,291 shares of the technology company’s stock worth $1,187,000 after purchasing an additional 1,676 shares during the last quarter. Endowment Wealth Management Inc. bought a new stake in Koninklijke Philips in the 3rd quarter valued at $205,000. Finally, Cable Hill Partners LLC acquired a new position in Koninklijke Philips in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 3.0 %

PHG stock opened at $27.18 on Tuesday. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The business has a 50-day simple moving average of $29.56 and a 200 day simple moving average of $28.28. 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 has a market cap of $25.55 billion, a PE ratio of -64.71, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PHG shares. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips currently has an average rating of “Hold”.

Koninklijke Philips 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.