Eagle Asset Management Inc. Has $300,000 Holdings in Koninklijke Philips N.V. (PHG)

Eagle Asset Management Inc. cut its stake in Koninklijke Philips N.V. (NYSE:PHG) by 30.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,167 shares of the technology company’s stock after selling 3,066 shares during the quarter. Eagle Asset Management Inc.’s holdings in Koninklijke Philips were worth $300,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its holdings in Koninklijke Philips by 25.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,344,199 shares of the technology company’s stock worth $191,429,000 after purchasing an additional 1,081,936 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Koninklijke Philips during the 2nd quarter worth $9,199,000. BlackRock Inc. raised its stake in shares of Koninklijke Philips by 54.6% during the 2nd quarter. BlackRock Inc. now owns 4,111,212 shares of the technology company’s stock worth $147,264,000 after purchasing an additional 1,452,699 shares during the period. BlueMountain Capital Management LLC raised its stake in Koninklijke Philips by 134.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 397,951 shares of the technology company’s stock valued at $14,255,000 after acquiring an additional 227,951 shares during the period. Finally, Summit Global Investments purchased a new position in Koninklijke Philips during the 2nd quarter valued at about $637,000. Institutional investors and hedge funds own 7.28% of the company’s stock.

Koninklijke Philips N.V. (NYSE PHG) traded up $0.04 during trading on Thursday, hitting $38.24. The company had a trading volume of 706,500 shares, compared to its average volume of 1,593,514. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.40 and a quick ratio of 1.15. Koninklijke Philips N.V. has a 12 month low of $28.71 and a 12 month high of $42.35. The stock has a market capitalization of $35,788.09, a PE ratio of 28.30, a PEG ratio of 3.73 and a beta of 1.38.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.04). Koninklijke Philips had a net margin of 6.67% and a return on equity of 7.19%. The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period last year, the business earned $0.40 earnings per share. The company’s quarterly revenue was down 29.7% on a year-over-year basis. research analysts anticipate that Koninklijke Philips N.V. will post 1.37 earnings per share for the current fiscal year.

In other Koninklijke Philips news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $1.50, for a total value of $5,001,879.00. Following the transaction, the insider now owns 29,693,444 shares of the company’s stock, valued at $44,540,166. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Several analysts have weighed in on the company. BNP Paribas downgraded Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Zacks Investment Research raised Koninklijke Philips from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, September 26th. Citigroup reissued a “buy” rating on shares of Koninklijke Philips in a research note on Tuesday, October 24th. Finally, J P Morgan Chase & Co cut Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Koninklijke Philips has an average rating of “Hold” and a consensus price target of $41.50.

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Koninklijke Philips Profile

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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