Gofen & Glossberg LLC IL trimmed its holdings in Koninklijke Philips N.V. (NYSE:PHG) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,247 shares of the technology company’s stock after selling 3,500 shares during the period. Gofen & Glossberg LLC IL’s holdings in Koninklijke Philips were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PHG. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Koninklijke Philips by 25.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 5,344,199 shares of the technology company’s stock valued at $191,429,000 after purchasing an additional 1,081,936 shares in the last quarter. Financial Counselors Inc. bought a new stake in shares of Koninklijke Philips in the second quarter valued at about $9,199,000. BlackRock Inc. lifted its holdings in shares of Koninklijke Philips by 54.6% in the second quarter. BlackRock Inc. now owns 4,111,212 shares of the technology company’s stock valued at $147,264,000 after purchasing an additional 1,452,699 shares in the last quarter. BlueMountain Capital Management LLC lifted its holdings in shares of Koninklijke Philips by 134.1% in the second quarter. BlueMountain Capital Management LLC now owns 397,951 shares of the technology company’s stock valued at $14,255,000 after purchasing an additional 227,951 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Koninklijke Philips in the second quarter valued at about $637,000. 7.28% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $1.50, for a total transaction of $5,001,879.00. Following the sale, the insider now owns 29,693,444 shares in the company, valued at $44,540,166. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of analysts have recently commented on PHG shares. Zacks Investment Research upgraded Koninklijke Philips from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Tuesday, September 26th. Citigroup restated a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. BNP Paribas lowered Koninklijke Philips from an “outperform” rating to a “neutral” rating in a report on Monday, October 16th. Finally, J P Morgan Chase & Co lowered Koninklijke Philips from an “overweight” rating to a “neutral” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $41.50.

Koninklijke Philips N.V. (NYSE:PHG) traded down $0.43 on Friday, reaching $38.23. The company had a trading volume of 1,057,700 shares, compared to its average volume of 1,574,521. Koninklijke Philips N.V. has a fifty-two week low of $28.71 and a fifty-two week high of $42.35. The company has a market capitalization of $36,219.05, a price-to-earnings ratio of 28.64, a PEG ratio of 3.78 and a beta of 1.38. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Monday, October 23rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). Koninklijke Philips had a return on equity of 7.19% and a net margin of 6.67%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue was down 29.7% on a year-over-year basis. equities research analysts anticipate that Koninklijke Philips N.V. will post 1.37 earnings per share for the current year.

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About Koninklijke Philips

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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