Legacy Capital Group California Inc. Sells 950 Shares of Koninklijke Philips (NYSE:PHG)

Legacy Capital Group California Inc. reduced its stake in Koninklijke Philips (NYSE:PHG) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,496 shares of the technology company’s stock after selling 950 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Koninklijke Philips were worth $507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of Koninklijke Philips in the third quarter valued at about $1,360,000. Eastern Bank acquired a new stake in Koninklijke Philips in the 3rd quarter valued at approximately $88,000. Signaturefd LLC lifted its stake in Koninklijke Philips by 6.7% in the 3rd quarter. Signaturefd LLC now owns 28,401 shares of the technology company’s stock valued at $929,000 after acquiring an additional 1,789 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Koninklijke Philips by 29.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,347 shares of the technology company’s stock worth $240,000 after acquiring an additional 1,690 shares during the last quarter. Finally, OLD National Bancorp IN bought a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $202,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

Shares of NYSE PHG opened at $31.67 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The business has a 50-day moving average of $31.05 and a 200-day moving average of $27.61. The stock has a market capitalization of $29.77 billion, a price-to-earnings ratio of -59.75, a PEG ratio of 1.05 and a beta of 0.74. Koninklijke Philips has a fifty-two week low of $18.06 and a fifty-two week high of $32.91.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. The firm had revenue of $4.80 billion during the quarter. As a group, sell-side analysts predict that Koninklijke Philips will post 1.59 earnings per share for the current fiscal 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.