Koninklijke Philips N.V. $PHG Shares Sold by Diversified Management Inc.

Diversified Management Inc. decreased its holdings in Koninklijke Philips N.V. (NYSE:PHG) by 79.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 17,048 shares of the technology company’s stock after selling 66,663 shares during the quarter. Diversified Management Inc.’s holdings in Koninklijke Philips were worth $464,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PHG. Whipplewood Advisors LLC raised its stake in shares of Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock valued at $27,000 after purchasing an additional 896 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Koninklijke Philips in the third quarter worth about $27,000. Flagship Harbor Advisors LLC bought a new position in Koninklijke Philips in the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC grew its position in Koninklijke Philips by 179.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after buying an additional 817 shares in the last quarter. Finally, Navalign LLC acquired a new position in Koninklijke Philips during the 4th quarter valued at about $54,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Stock Up 0.4%

PHG opened at $27.05 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $26.59 billion, a PE ratio of 19.94, a P/E/G ratio of 11.18 and a beta of 0.76. The stock’s fifty day moving average is $26.68 and its 200-day moving average is $27.78. Koninklijke Philips N.V. has a one year low of $23.85 and a one year high of $33.44.

Analysts Set New Price Targets

PHG has been the topic of a number of recent analyst reports. UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Koninklijke Philips 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.