Koninklijke Philips N.V. $PHG Stock Position Decreased by Diversified Management Inc.

Key Points

• Diversified Management Inc. cut its Koninklijke Philips stake by 79.6% in the second quarter, selling 66,663 shares and retaining 17,048 shares valued at approximately $464,000.
• Other institutional investors recently initiated or increased positions in Philips, though institutional ownership remains relatively limited at 13.67%.
• Analyst sentiment is cautious: four analysts rate the stock Hold and one rates it Sell, resulting in a consensus “Reduce” rating. PHG opened at $27.05, within its 52-week range of $23.85 to $33.44.

Diversified Management Inc. decreased its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 79.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,048 shares of the technology company's stock after selling 66,663 shares during the quarter. Diversified Management Inc.'s holdings in Koninklijke Philips were worth $464,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PHG. Johnson Financial Group Inc. acquired a new position in Koninklijke Philips in the third quarter valued at approximately $27,000. Whipplewood Advisors LLC grew its holdings in shares of Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company's stock valued at $27,000 after purchasing an additional 896 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Koninklijke Philips during the 4th quarter worth approximately $31,000. CIBC Private Wealth Group LLC raised its position in shares of Koninklijke Philips by 179.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company's stock worth $34,000 after purchasing an additional 817 shares during the period. Finally, Navalign LLC bought a new stake in shares of Koninklijke Philips in the 4th quarter worth approximately $54,000. Institutional investors own 13.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PHG shares. UBS Group restated a "neutral" rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Wall Street Zen raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Zacks Research lowered Koninklijke Philips from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded Koninklijke Philips from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Koninklijke Philips presently has a consensus rating of "Reduce".

Koninklijke Philips Price Performance

NYSE PHG opened at $27.05 on Wednesday. Koninklijke Philips N.V. has a 52 week low of $23.85 and a 52 week high of $33.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The stock has a market cap of $26.59 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 11.18 and a beta of 0.76. The company has a 50-day moving average price of $26.68 and a two-hundred day moving average price of $27.78.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. NYSE: PHG, commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips' principal activities center on medical technologies and personal health.

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