Yousif Capital Management LLC Lowers Stake in Koninklijke Philips (NYSE:PHG)

Yousif Capital Management LLC lowered its holdings in shares of Koninklijke Philips (NYSE:PHG) by 38.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,593 shares of the technology company’s stock after selling 5,330 shares during the period. Yousif Capital Management LLC’s holdings in Koninklijke Philips were worth $218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in Koninklijke Philips in the third quarter worth about $54,000. Eastern Bank purchased a new position in Koninklijke Philips in the 3rd quarter worth approximately $88,000. RPg Family Wealth Advisory LLC purchased a new position in Koninklijke Philips in the 3rd quarter worth approximately $107,000. OLD National Bancorp IN bought a new position in Koninklijke Philips in the 3rd quarter valued at approximately $202,000. Finally, Cable Hill Partners LLC purchased a new stake in Koninklijke Philips during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

PHG has been the topic of a number of research analyst reports. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

Shares of PHG opened at $28.16 on Tuesday. The firm has a fifty day simple moving average of $26.21 and a two-hundred day simple moving average of $28.20. The firm has a market cap of $26.47 billion, a PE ratio of -67.04, a P/E/G ratio of 0.90 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91.

Koninklijke Philips Profile

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.