AMP Capital Investors Ltd Has $1.80 Million Holdings in Koninklijke Philips NV (PHG)

AMP Capital Investors Ltd trimmed its position in shares of Koninklijke Philips NV (NYSE:PHG) by 62.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,638 shares of the technology company’s stock after selling 71,224 shares during the quarter. AMP Capital Investors Ltd’s holdings in Koninklijke Philips were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. FNY Partners Fund LP bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $111,000. YorkBridge Wealth Partners LLC grew its stake in shares of Koninklijke Philips by 8.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,783 shares of the technology company’s stock valued at $135,000 after purchasing an additional 309 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Koninklijke Philips by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,333 shares of the technology company’s stock valued at $191,000 after purchasing an additional 374 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Koninklijke Philips by 14.9% during the second quarter. IFP Advisors Inc now owns 5,454 shares of the technology company’s stock valued at $195,000 after purchasing an additional 706 shares during the last quarter. Finally, Whittier Trust Co. grew its stake in shares of Koninklijke Philips by 243.7% during the third quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock valued at $197,000 after purchasing an additional 3,390 shares during the last quarter. 7.23% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on PHG shares. JPMorgan Chase & Co. cut shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Citigroup restated a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. Finally, BNP Paribas lowered shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a report on Monday, October 16th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.50.

Shares of Koninklijke Philips NV (NYSE PHG) traded up $0.26 during midday trading on Thursday, reaching $39.92. 976,426 shares of the company traded hands, compared to its average volume of 1,359,866. Koninklijke Philips NV has a fifty-two week low of $28.71 and a fifty-two week high of $42.35. The firm has a market capitalization of $37,500.00, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.52 and a beta of 1.38. 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 (NYSE:PHG) last announced its quarterly earnings data on Monday, October 23rd. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s quarterly revenue was down 29.7% on a year-over-year basis. equities research analysts anticipate that Koninklijke Philips NV will post 1.37 earnings per share for the current fiscal year.

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Koninklijke Philips Company 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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