Fiduciary Management Inc. WI Sells 636,112 Shares of Koninklijke Philips N.V. $PHG

Fiduciary Management Inc. WI trimmed its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,543,122 shares of the technology company’s stock after selling 636,112 shares during the period. Koninklijke Philips makes up 1.9% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 15th largest holding. Fiduciary Management Inc. WI owned about 0.68% of Koninklijke Philips worth $177,188,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mondrian Investment Partners LTD purchased a new stake in Koninklijke Philips in the 3rd quarter valued at $215,529,000. Causeway Capital Management LLC increased its position in shares of Koninklijke Philips by 5.8% during the 3rd quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock valued at $53,378,000 after purchasing an additional 107,117 shares during the last quarter. Northern Trust Corp increased its position in shares of Koninklijke Philips by 8.1% during the 3rd quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock valued at $52,409,000 after purchasing an additional 143,811 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Koninklijke Philips by 1.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 973,527 shares of the technology company’s stock worth $26,363,000 after acquiring an additional 17,431 shares during the last quarter. Finally, Investment Management Associates Inc. ADV increased its holdings in Koninklijke Philips by 0.6% in the 4th quarter. Investment Management Associates Inc. ADV now owns 507,264 shares of the technology company’s stock worth $13,737,000 after acquiring an additional 2,902 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Zacks Research lowered Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings lowered Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 2nd. Finally, Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Koninklijke Philips currently has an average rating of “Hold”.

Koninklijke Philips Stock Up 0.5%

Shares of NYSE PHG opened at $26.13 on Friday. Koninklijke Philips N.V. has a 52 week low of $21.95 and a 52 week high of $33.44. The business has a 50-day simple moving average of $27.09 and a two-hundred day simple moving average of $28.13. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The company has a market cap of $25.16 billion, a P/E ratio of 22.39, a P/E/G ratio of 6.73 and a beta of 0.74.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.49 billion. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%. Research analysts anticipate that Koninklijke Philips N.V. will post 1.87 earnings per share for the current fiscal year.

About Koninklijke Philips

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.