FDx Advisors Inc. Reduces Stake in Koninklijke Philips N.V. (PHG)

FDx Advisors Inc. lessened its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,399 shares of the technology company’s stock after selling 2,672 shares during the period. FDx Advisors Inc.’s holdings in Koninklijke Philips N.V. were worth $1,417,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of Koninklijke Philips N.V. during the 3rd quarter valued at $10,692,000. Smithfield Trust Co. bought a new stake in shares of Koninklijke Philips N.V. during the 3rd quarter valued at $211,000. Bank of Hawaii boosted its holdings in shares of Koninklijke Philips N.V. by 22.8% during the 3rd quarter. Bank of Hawaii now owns 11,110 shares of the technology company’s stock valued at $458,000 after buying an additional 2,065 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of Koninklijke Philips N.V. by 5.6% during the 3rd quarter. AMG National Trust Bank now owns 75,667 shares of the technology company’s stock valued at $3,117,000 after buying an additional 4,041 shares in the last quarter. Finally, West Coast Financial LLC bought a new stake in shares of Koninklijke Philips N.V. during the 3rd quarter valued at $238,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

In related news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of the company’s stock in a transaction dated Wednesday, October 11th. The shares were 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 in the company, valued at approximately $44,540,166. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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Shares of Koninklijke Philips N.V. (NYSE:PHG) traded up $0.31 during trading on Wednesday, reaching $39.10. 2,410,400 shares of the company were exchanged, compared to its average volume of 1,612,690. The company has a market cap of $36,340.84, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.41. Koninklijke Philips N.V. has a 52 week low of $28.19 and a 52 week high of $42.35. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.34.

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

A number of analysts have recently commented on the stock. J P Morgan Chase & Co cut shares of Koninklijke Philips N.V. from an “overweight” rating to a “neutral” rating in a report on Thursday, November 9th. Zacks Investment Research cut shares of Koninklijke Philips N.V. from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Citigroup Inc. restated a “buy” rating on shares of Koninklijke Philips N.V. in a report on Tuesday, October 24th. BNP Paribas cut shares of Koninklijke Philips N.V. from an “outperform” rating to a “neutral” rating in a research note on Monday, October 16th. Finally, BidaskClub cut shares of Koninklijke Philips N.V. from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Koninklijke Philips N.V. presently has an average rating of “Hold” and a consensus price target of $41.50.

About Koninklijke Philips N.V.

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 N.V. (NYSE:PHG)

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