44 Wealth Management LLC Cuts Holdings in Koninklijke Philips (NYSE:PHG)

44 Wealth Management LLC reduced its position in Koninklijke Philips (NYSE:PHG) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,383 shares of the technology company’s stock after selling 1,721 shares during the quarter. 44 Wealth Management LLC’s holdings in Koninklijke Philips were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Koninklijke Philips in the 3rd quarter worth $54,000. Eastern Bank purchased a new position in Koninklijke Philips in the third quarter valued at about $88,000. RPg Family Wealth Advisory LLC purchased a new position in Koninklijke Philips in the third quarter valued at about $107,000. Allworth Financial LP raised its position in Koninklijke Philips by 24.9% in the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company’s stock valued at $105,000 after purchasing an additional 797 shares during the period. Finally, Cable Hill Partners LLC purchased a new position in Koninklijke Philips in the third quarter valued at about $203,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Thursday. UBS Group raised Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Stock Up 2.0 %

Shares of NYSE PHG opened at $25.53 on Friday. Koninklijke Philips has a 1 year low of $19.75 and a 1 year high of $32.91. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $26.25 and its 200-day simple moving average is $28.14.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. As a group, analysts forecast that Koninklijke Philips will post 1.63 EPS for the current year.

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.