Koninklijke Philips N.V. $PHG Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,980 shares of the technology company’s stock after selling 155,199 shares during the period. UBS Group AG’s holdings in Koninklijke Philips were worth $4,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth about $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth about $31,000. Root Financial Partners LLC acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth about $83,000. Farther Finance Advisors LLC increased its holdings in shares of Koninklijke Philips by 182.2% in the 4th quarter. Farther Finance Advisors LLC now owns 4,095 shares of the technology company’s stock worth $111,000 after acquiring an additional 2,644 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Koninklijke Philips by 51.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,781 shares of the technology company’s stock worth $128,000 after acquiring an additional 1,615 shares during the period. 13.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Koninklijke Philips Stock Up 1.5%

Koninklijke Philips stock opened at $27.14 on Friday. The stock has a market cap of $26.13 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 6.90 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $28.29. Koninklijke Philips N.V. has a 52 week low of $21.95 and a 52 week high of $33.44.

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

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.