Koninklijke Philips (NYSE:PHG) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its stake in Koninklijke Philips (NYSE:PHG) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,944 shares of the technology company’s stock after selling 5,837 shares during the period. Bank of New Hampshire’s holdings in Koninklijke Philips were worth $2,632,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC increased its holdings in shares of Koninklijke Philips by 0.6% in the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after purchasing an additional 35,935 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $101,718,000 after purchasing an additional 864,951 shares during the period. Millennium Management LLC increased its holdings in shares of Koninklijke Philips by 822.0% in 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 during the period. Bank of Montreal Can increased its holdings in shares of Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after purchasing an additional 949,278 shares during the period. Finally, IHT Wealth Management LLC acquired a new position in shares of Koninklijke Philips in the third quarter valued at approximately $19,593,000. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

PHG stock traded up $0.16 on Tuesday, reaching $25.61. 30,782 shares of the company’s stock were exchanged, compared to its average volume of 318,266. The stock has a fifty day moving average of $26.08 and a 200-day moving average of $28.10. Koninklijke Philips has a twelve month low of $19.55 and a twelve month high of $32.91. The firm has a market cap of $24.07 billion, a PE ratio of -60.97, a P/E/G ratio of 0.92 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Koninklijke Philips

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.