Hantz Financial Services Inc. Cuts Holdings in Koninklijke Philips (NYSE:PHG)

Hantz Financial Services Inc. decreased its holdings in Koninklijke Philips (NYSE:PHG) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,175 shares of the technology company’s stock after selling 4,295 shares during the period. Hantz Financial Services Inc.’s holdings in Koninklijke Philips were worth $1,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of Montreal Can increased its holdings in Koninklijke Philips by 52.1% in the 2nd quarter. Bank of Montreal Can now owns 32,921 shares of the technology company’s stock worth $866,000 after buying an additional 11,282 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Koninklijke Philips during the second quarter valued at approximately $1,065,000. Millennium Management LLC boosted its holdings in Koninklijke Philips by 822.0% in the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after purchasing an additional 998,995 shares during the last quarter. Creative Planning grew its position in Koninklijke Philips by 36.9% in the 2nd quarter. Creative Planning now owns 60,495 shares of the technology company’s stock worth $1,524,000 after purchasing an additional 16,296 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Koninklijke Philips during the 2nd quarter valued at $1,253,000. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Trading Up 2.9 %

Shares of PHG stock opened at $28.07 on Friday. Koninklijke Philips has a 1 year low of $19.55 and a 1 year high of $32.91. The firm has a fifty day moving average price of $25.97 and a 200-day moving average price of $28.09. The company has a market cap of $26.38 billion, a price-to-earnings ratio of -66.82, a PEG ratio of 0.87 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently 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.