Koninklijke Philips N.V. $PHG Stock: Transmarket Holdings LP Decreases Position

Key Points

• Transmarket Holdings LP cut its Koninklijke Philips position by 76.5% in the third quarter, selling 93,654 shares and retaining 28,699 shares valued at approximately $701,000.
• Other institutional investors mostly increased their holdings, while institutional investors and hedge funds collectively owned 13.67% of PHG shares.
• Analysts maintain a consensus “Hold” rating on PHG. The company recently beat quarterly earnings expectations with $0.57 EPS versus the $0.40 consensus, although revenue declined 3% year over year.

Transmarket Holdings LP lessened its position in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 76.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,699 shares of the technology company's stock after selling 93,654 shares during the quarter. Transmarket Holdings LP's holdings in Koninklijke Philips were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC increased its position in shares of Koninklijke Philips by 8.7% during the third quarter. Apollon Wealth Management LLC now owns 14,327 shares of the technology company's stock worth $350,000 after purchasing an additional 1,142 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Koninklijke Philips by 3.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 29,259 shares of the technology company's stock valued at $728,000 after purchasing an additional 1,001 shares in the last quarter. Net Worth Advisory Group lifted its holdings in Koninklijke Philips by 15.5% in the 3rd quarter. Net Worth Advisory Group now owns 12,063 shares of the technology company's stock valued at $287,000 after purchasing an additional 1,623 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in Koninklijke Philips by 7.2% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 42,345 shares of the technology company's stock worth $1,034,000 after purchasing an additional 2,830 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new stake in Koninklijke Philips during the 3rd quarter worth $223,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PHG shares. UBS Group lowered shares of Koninklijke Philips from a "buy" rating to a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings raised shares of Koninklijke Philips from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 21st. Finally, Zacks Research raised shares of Koninklijke Philips from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 13th. Five analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of "Hold".

Koninklijke Philips Price Performance

PHG stock opened at $27.02 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.26 and a quick ratio of 0.82. The business has a 50 day simple moving average of $25.54 and a 200-day simple moving average of $27.27. The firm has a market capitalization of $26.55 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 11.18 and a beta of 0.77. Koninklijke Philips N.V. has a 1 year low of $23.62 and a 1 year high of $33.44.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.40 by $0.17. The firm had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.91 billion. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Equities research analysts anticipate that Koninklijke Philips N.V. will post 1.74 earnings per share for the current fiscal year.

About Koninklijke Philips

Koninklijke Philips N.V. is a Netherlands-based health technology company that develops products, services and software for healthcare providers, patients and consumers. Its portfolio includes diagnostic imaging systems, such as magnetic resonance imaging, computed tomography and X-ray equipment; ultrasound systems; image-guided therapy technologies; patient monitoring and hospital informatics solutions; and connected care products.

Philips also serves consumers through personal health products, including electric toothbrushes, oral healthcare systems, mother and child care products, and sleep and respiratory care devices.

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