Thompson Siegel & Walmsley LLC Decreases Holdings in Koninklijke Philips (NYSE:PHG)

Thompson Siegel & Walmsley LLC decreased its stake in Koninklijke Philips (NYSE:PHG) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,679,033 shares of the technology company’s stock after selling 254,986 shares during the period. Thompson Siegel & Walmsley LLC owned 0.18% of Koninklijke Philips worth $54,938,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Creative Planning increased its position in Koninklijke Philips by 39.3% in the third quarter. Creative Planning now owns 84,263 shares of the technology company’s stock worth $2,757,000 after buying an additional 23,768 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Koninklijke Philips by 12.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock worth $668,000 after purchasing an additional 3,040 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Koninklijke Philips in the third quarter valued at approximately $1,360,000. Sanctuary Advisors LLC purchased a new stake in shares of Koninklijke Philips during the 2nd quarter valued at approximately $1,253,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Koninklijke Philips during the 2nd quarter valued at $217,000. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

Shares of NYSE PHG opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The business has a 50-day moving average of $29.81 and a 200-day moving average of $28.27. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91.

Analyst Ratings Changes

PHG has been the subject of several recent research reports. StockNews.com cut Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Koninklijke Philips Company 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.