SOL Capital Management CO Has $561,000 Stock Position in Koninklijke Philips (NYSE:PHG)

SOL Capital Management CO cut its holdings in shares of Koninklijke Philips (NYSE:PHG) by 28.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,151 shares of the technology company’s stock after selling 8,595 shares during the quarter. SOL Capital Management CO’s holdings in Koninklijke Philips were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PHG. Wilmington Savings Fund Society FSB bought a new stake in Koninklijke Philips in the 3rd quarter valued at $54,000. Eastern Bank bought a new stake in shares of Koninklijke Philips in the third quarter valued at about $88,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Koninklijke Philips in the third quarter valued at about $107,000. OLD National Bancorp IN bought a new position in Koninklijke Philips during the third quarter valued at about $202,000. Finally, Cable Hill Partners LLC acquired a new position in Koninklijke Philips in the 3rd quarter valued at approximately $203,000. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $27.57 on Friday. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91. The firm’s 50-day moving average price is $26.01 and its two-hundred day moving average price is $28.09. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $25.91 billion, a price-to-earnings ratio of -65.64, a P/E/G ratio of 0.89 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PHG shares. StockNews.com cut Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.