Koninklijke Philips (NYSE:PHG) Stock Holdings Lessened by SOL Capital Management CO

SOL Capital Management CO cut its stake in shares of Koninklijke Philips (NYSE:PHG) by 28.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,151 shares of the technology company’s stock after selling 8,595 shares during the period. SOL Capital Management CO’s holdings in Koninklijke Philips were worth $561,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PHG. First Affirmative Financial Network grew its stake in Koninklijke Philips by 5.9% in the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock valued at $277,000 after purchasing an additional 611 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Koninklijke Philips by 58.6% in the 4th quarter. Blue Trust Inc. now owns 19,003 shares of the technology company’s stock valued at $481,000 after buying an additional 7,021 shares in the last quarter. SG Americas Securities LLC increased its holdings in Koninklijke Philips by 19.7% in the fourth quarter. SG Americas Securities LLC now owns 28,523 shares of the technology company’s stock worth $722,000 after buying an additional 4,700 shares during the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Koninklijke Philips by 6.6% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 35,894 shares of the technology company’s stock valued at $909,000 after acquiring an additional 2,213 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in Koninklijke Philips by 19.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 9,208 shares of the technology company’s stock valued at $233,000 after acquiring an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Analyst Ratings Changes

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

Koninklijke Philips Trading Down 1.7 %

NYSE:PHG opened at $27.57 on Friday. The company’s 50 day moving average is $26.01 and its 200-day moving average is $28.09. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12 month low of $19.55 and a 12 month high of $32.91. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of -65.64, a P/E/G ratio of 0.89 and a beta of 0.77.

Koninklijke Philips Company 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.