Corient Private Wealth LLC Has $1.28 Million Stock Position in Koninklijke Philips N.V. $PHG

Corient Private Wealth LLC cut its stake in Koninklijke Philips N.V. (NYSE:PHG) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,359 shares of the technology company’s stock after selling 19,000 shares during the period. Corient Private Wealth LLC’s holdings in Koninklijke Philips were worth $1,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Morgan Stanley lifted its holdings in shares of Koninklijke Philips by 11.0% during the fourth quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after acquiring an additional 282,661 shares during the period. Causeway Capital Management LLC raised its position in Koninklijke Philips by 5.8% in 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 boosted its stake in Koninklijke Philips by 8.1% in the third quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock worth $52,409,000 after purchasing an additional 143,811 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Koninklijke Philips by 6.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock worth $46,740,000 after purchasing an additional 107,356 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Koninklijke Philips by 1.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 973,527 shares of the technology company’s stock worth $26,363,000 after purchasing an additional 17,431 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PHG shares. Weiss Ratings lowered Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 16th. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research lowered shares of Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Koninklijke Philips Trading Up 0.1%

Shares of NYSE PHG opened at $27.23 on Thursday. Koninklijke Philips N.V. has a fifty-two week low of $23.75 and a fifty-two week high of $33.44. The firm has a market capitalization of $26.76 billion, a P/E ratio of 23.33, a P/E/G ratio of 7.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 0.90. The company’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $28.03.

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

Koninklijke Philips 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.