Thompson Siegel & Walmsley LLC Sells 254,986 Shares of Koninklijke Philips (NYSE:PHG)

Thompson Siegel & Walmsley LLC lowered its stake in Koninklijke Philips (NYSE:PHG) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,679,033 shares of the technology company’s stock after selling 254,986 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Koninklijke Philips were worth $54,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after buying an additional 864,951 shares in the last quarter. Millennium Management LLC boosted its position in shares of Koninklijke Philips by 822.0% during the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after purchasing an additional 998,995 shares in the last quarter. Natixis Advisors LLC grew its stake in Koninklijke Philips by 5.2% in the second quarter. Natixis Advisors LLC now owns 930,085 shares of the technology company’s stock worth $23,438,000 after purchasing an additional 46,268 shares during the period. Jane Street Group LLC raised its holdings in Koninklijke Philips by 361.7% in the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after purchasing an additional 492,881 shares in the last quarter. Finally, London & Capital Asset Management Ltd grew its position in shares of Koninklijke Philips by 12.1% in the 1st quarter. London & Capital Asset Management Ltd now owns 581,993 shares of the technology company’s stock worth $11,640,000 after buying an additional 62,656 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Trading Up 1.3 %

Koninklijke Philips stock opened at $26.31 on Thursday. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91. The stock has a fifty day simple moving average of $29.81 and a two-hundred day simple moving average of $28.27. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

Analysts Set New Price Targets

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

Koninklijke Philips Company 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.