Moors & Cabot Inc. Sells 413 Shares of Koninklijke Philips (NYSE:PHG)

Moors & Cabot Inc. cut its stake in Koninklijke Philips (NYSE:PHG) by 3.4% during the third quarter, HoldingsChannel reports. The firm owned 11,818 shares of the technology company’s stock after selling 413 shares during the period. Moors & Cabot Inc.’s holdings in Koninklijke Philips were worth $387,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC bought a new position in Koninklijke Philips in the 1st quarter worth about $271,000. 1832 Asset Management L.P. grew its stake in Koninklijke Philips by 42.6% in the first quarter. 1832 Asset Management L.P. now owns 5,945 shares of the technology company’s stock worth $119,000 after purchasing an additional 1,777 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Koninklijke Philips by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,089 shares of the technology company’s stock worth $3,302,000 after purchasing an additional 5,951 shares during the period. Jane Street Group LLC raised its position in Koninklijke Philips by 361.7% during the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock valued at $12,583,000 after purchasing an additional 492,881 shares in the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of Koninklijke Philips in the 1st quarter worth $273,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Trading Up 0.0 %

Shares of NYSE:PHG opened at $26.39 on Friday. The company has a market capitalization of $24.81 billion, a PE ratio of -62.83, a P/E/G ratio of 0.93 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91. The business’s fifty day simple moving average is $29.64 and its 200-day simple moving average is $28.26.

Analysts Set New Price Targets

Several brokerages have recently commented on PHG. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised 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 given a buy rating to the company. According to data from MarketBeat, Koninklijke Philips has an average rating of “Hold”.

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.