Nkcfo LLC Sells 36,842 Shares of Koninklijke Philips (NYSE:PHG)

Nkcfo LLC reduced its holdings in Koninklijke Philips (NYSE:PHG) by 33.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,334 shares of the technology company’s stock after selling 36,842 shares during the quarter. Koninklijke Philips accounts for about 0.8% of Nkcfo LLC’s investment portfolio, making the stock its 24th largest holding. Nkcfo LLC’s holdings in Koninklijke Philips were worth $1,857,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can lifted its stake in Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after buying an additional 949,278 shares in the last quarter. IHT Wealth Management LLC acquired a new position in Koninklijke Philips in the 3rd quarter worth $19,593,000. JPMorgan Chase & Co. increased its holdings in Koninklijke Philips by 315.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company’s stock worth $8,040,000 after purchasing an additional 186,520 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Koninklijke Philips in the 3rd quarter valued at about $4,622,000. Finally, Jane Street Group LLC boosted its position in shares of Koninklijke Philips by 787.9% during the third quarter. Jane Street Group LLC now owns 128,686 shares of the technology company’s stock worth $4,211,000 after buying an additional 114,193 shares during the period. Institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE PHG opened at $28.16 on Friday. Koninklijke Philips has a 12 month low of $19.55 and a 12 month high of $32.91. The stock has a 50 day moving average of $26.21 and a 200-day moving average of $28.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

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.