Mondrian Investment Partners LTD Has $180.63 Million Position in Koninklijke Philips N.V. (NYSE:PHG)

Key Points

• Mondrian Investment Partners LTD reduced its stake in Koninklijke Philips N.V. by 0.3%, now owning approximately 7.11 million shares, representing 3.1% of its portfolio.
• Koninklijke Philips shares recently traded at $26.98, with a market capitalization of $25.98 billion and a P/E ratio of 142.00.
• Analysts have downgraded Koninklijke Philips from a "buy" to a "hold" rating, with the stock currently receiving a "Moderate Buy" average rating from five analysts.

Mondrian Investment Partners LTD decreased its stake in shares of Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,111,484 shares of the technology company's stock after selling 23,582 shares during the period. Koninklijke Philips comprises 3.1% of Mondrian Investment Partners LTD's portfolio, making the stock its 7th largest holding. Mondrian Investment Partners LTD owned about 0.76% of Koninklijke Philips worth $180,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its position in Koninklijke Philips by 7.0% during the first quarter. Russell Investments Group Ltd. now owns 482,753 shares of the technology company's stock valued at $12,262,000 after purchasing an additional 31,535 shares during the period. Headlands Technologies LLC bought a new position in Koninklijke Philips during the first quarter valued at approximately $678,000. Charles Schwab Investment Management Inc. lifted its position in Koninklijke Philips by 18.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 72,276 shares of the technology company's stock valued at $1,836,000 after purchasing an additional 11,018 shares during the period. Intrust Bank NA lifted its position in Koninklijke Philips by 13.4% during the first quarter. Intrust Bank NA now owns 18,656 shares of the technology company's stock valued at $474,000 after purchasing an additional 2,202 shares during the period. Finally, ABC Arbitrage SA lifted its position in Koninklijke Philips by 183.9% during the first quarter. ABC Arbitrage SA now owns 101,108 shares of the technology company's stock valued at $2,568,000 after purchasing an additional 65,490 shares during the period. Institutional investors own 13.67% of the company's stock.

Koninklijke Philips Stock Performance

PHG traded up $0.24 during trading on Friday, hitting $27.47. The company's stock had a trading volume of 688,016 shares, compared to its average volume of 1,237,589. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. Koninklijke Philips N.V. has a one year low of $21.48 and a one year high of $32.91. The firm has a market cap of $26.45 billion, a PE ratio of 144.58, a P/E/G ratio of 0.74 and a beta of 0.75. The business's 50 day simple moving average is $24.79 and its 200-day simple moving average is $25.01.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.12. Koninklijke Philips had a net margin of 1.00% and a return on equity of 11.95%. The business had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $4.35 billion. As a group, sell-side analysts predict that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Koninklijke Philips currently has an average rating of "Moderate Buy".

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.