Koninklijke Philips (NYSE:PHG) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of Koninklijke Philips (NYSE:PHG) by 1.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,692 shares of the technology company’s stock after selling 1,831 shares during the period. QRG Capital Management Inc.’s holdings in Koninklijke Philips were worth $4,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mondrian Investment Partners LTD increased its position in Koninklijke Philips by 45.1% in the first quarter. Mondrian Investment Partners LTD now owns 9,553,058 shares of the technology company’s stock worth $191,061,000 after buying an additional 2,971,008 shares during the period. Millennium Management LLC lifted its stake in shares of Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after acquiring an additional 998,995 shares during the period. Dimensional Fund Advisors LP lifted its position in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after purchasing an additional 864,951 shares during the period. Jane Street Group LLC lifted its holdings in shares of Koninklijke Philips by 361.7% in the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after buying an additional 492,881 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Koninklijke Philips by 36.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company’s stock valued at $28,201,000 after acquiring an additional 376,244 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.0 %

Koninklijke Philips stock opened at $27.09 on Wednesday. Koninklijke Philips has a 1-year low of $19.49 and a 1-year high of $32.91. The firm’s fifty day simple moving average is $30.66 and its 200-day simple moving average is $28.10. The company has a market capitalization of $25.46 billion, a P/E ratio of -64.50, a P/E/G ratio of 0.93 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PHG. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Koninklijke Philips

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.