XY Capital Ltd Lowers Stake in Koninklijke Philips N.V. $PHG

XY Capital Ltd lowered its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 62.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,413 shares of the technology company’s stock after selling 40,000 shares during the quarter. XY Capital Ltd’s holdings in Koninklijke Philips were worth $661,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Brandes Investment Partners LP increased its holdings in shares of Koninklijke Philips by 6.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock worth $46,740,000 after purchasing an additional 107,356 shares during the last quarter. Cerity Partners LLC raised its stake in Koninklijke Philips by 5.8% during the fourth quarter. Cerity Partners LLC now owns 84,122 shares of the technology company’s stock valued at $2,278,000 after purchasing an additional 4,626 shares in the last quarter. LPL Financial LLC increased its position in Koninklijke Philips by 7.1% during the fourth quarter. LPL Financial LLC now owns 124,738 shares of the technology company’s stock valued at $3,378,000 after acquiring an additional 8,254 shares during the last quarter. Franklin Resources Inc. increased its position in Koninklijke Philips by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 14,977 shares of the technology company’s stock valued at $406,000 after acquiring an additional 3,385 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Koninklijke Philips by 17.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 51,615 shares of the technology company’s stock worth $1,398,000 after purchasing an additional 7,624 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Koninklijke Philips stock opened at $26.13 on Friday. The company’s fifty day moving average price is $27.01 and its 200 day moving average price is $28.10. Koninklijke Philips N.V. has a 1 year low of $21.95 and a 1 year high of $33.44. The stock has a market capitalization of $25.16 billion, a P/E ratio of 22.39, a P/E/G ratio of 6.62 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.32.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Koninklijke Philips had a net margin of 5.49% and a return on equity of 13.51%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.49 billion. As a group, equities research analysts anticipate that Koninklijke Philips N.V. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PHG shares. Zacks Research cut shares of Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings lowered shares of Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.