Perpetual Ltd Has $21.61 Million Holdings in Koninklijke Philips N.V. (NYSE:PHG)

Perpetual Ltd lessened its holdings in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 22.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 850,748 shares of the technology company's stock after selling 249,815 shares during the period. Perpetual Ltd owned about 0.09% of Koninklijke Philips worth $21,609,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Koninklijke Philips by 2.8% in the 4th quarter. Bank of New York Mellon Corp now owns 55,576 shares of the technology company's stock valued at $1,407,000 after purchasing an additional 1,501 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Koninklijke Philips in the fourth quarter valued at approximately $55,000. NewEdge Wealth LLC grew its stake in shares of Koninklijke Philips by 9.7% during the fourth quarter. NewEdge Wealth LLC now owns 61,757 shares of the technology company's stock worth $1,564,000 after buying an additional 5,436 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Koninklijke Philips by 177.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,489 shares of the technology company's stock worth $114,000 after buying an additional 2,871 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Koninklijke Philips by 18.2% in the 4th quarter. Jones Financial Companies Lllp now owns 9,247 shares of the technology company's stock valued at $234,000 after acquiring an additional 1,426 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Price Performance

PHG stock opened at $24.10 on Friday. The company has a market capitalization of $23.21 billion, a P/E ratio of 56.06, a PEG ratio of 0.68 and a beta of 0.76. The company has a fifty day moving average price of $23.71 and a 200-day moving average price of $25.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.28. Koninklijke Philips N.V. has a 52-week low of $20.61 and a 52-week high of $31.57.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.13. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.10 billion. Koninklijke Philips had a return on equity of 10.97% and a net margin of 2.11%. Koninklijke Philips's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.21 EPS. As a group, equities analysts expect that Koninklijke Philips N.V. will post 1.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wall Street Zen lowered Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Sunday, June 15th. Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.

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