Raymond James Financial Services Advisors Inc. Sells 9,343 Shares of Koninklijke Philips NV (PHG)

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Raymond James Financial Services Advisors Inc. lowered its stake in Koninklijke Philips NV (NYSE:PHG) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,949 shares of the technology company’s stock after selling 9,343 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Koninklijke Philips were worth $1,754,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PHG. Bank of New York Mellon Corp lifted its position in shares of Koninklijke Philips by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 19,857 shares of the technology company’s stock valued at $698,000 after acquiring an additional 772 shares in the last quarter. Mckinley Capital Management LLC Delaware lifted its position in shares of Koninklijke Philips by 5.6% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 37,884 shares of the technology company’s stock valued at $1,330,000 after acquiring an additional 1,996 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Koninklijke Philips by 29.6% in the fourth quarter. Stephens Inc. AR now owns 78,723 shares of the technology company’s stock valued at $2,764,000 after acquiring an additional 17,979 shares in the last quarter. BlackRock Inc. lifted its position in shares of Koninklijke Philips by 7.5% in the fourth quarter. BlackRock Inc. now owns 6,008,587 shares of the technology company’s stock valued at $210,960,000 after acquiring an additional 419,533 shares in the last quarter. Finally, Trillium Asset Management LLC lifted its position in shares of Koninklijke Philips by 48.0% in the fourth quarter. Trillium Asset Management LLC now owns 99,144 shares of the technology company’s stock valued at $3,481,000 after acquiring an additional 32,159 shares in the last quarter. 4.22% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research downgraded Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Koninklijke Philips has an average rating of “Hold” and an average price target of $46.00.

Shares of NYSE:PHG opened at $41.15 on Friday. The firm has a market capitalization of $38.11 billion, a PE ratio of 19.78, a P/E/G ratio of 1.44 and a beta of 1.24. Koninklijke Philips NV has a 52-week low of $32.98 and a 52-week high of $46.67. The company has a current ratio of 1.21, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Tuesday, January 29th. The technology company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. The firm had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. Koninklijke Philips had a return on equity of 11.17% and a net margin of 5.91%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities analysts anticipate that Koninklijke Philips NV will post 1.93 EPS for the current fiscal year.

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About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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

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