Morningstar Investment Services LLC reduced its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,920 shares of the technology company’s stock after selling 518 shares during the quarter. Morningstar Investment Services LLC’s holdings in Koninklijke Philips were worth $607,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PHG. Destination Wealth Management increased its holdings in shares of Koninklijke Philips by 37.8% during the second quarter. Destination Wealth Management now owns 868 shares of the technology company’s stock worth $38,000 after purchasing an additional 238 shares during the period. Galibier Capital Management Ltd. grew its holdings in shares of Koninklijke Philips by 0.5% during the second quarter. Galibier Capital Management Ltd. now owns 48,926 shares of the technology company’s stock worth $2,132,000 after purchasing an additional 243 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Koninklijke Philips by 42.2% in the second quarter. Cornerstone Advisors Inc. now owns 869 shares of the technology company’s stock valued at $38,000 after buying an additional 258 shares during the period. Lindbrook Capital LLC increased its stake in shares of Koninklijke Philips by 36.4% in the second quarter. Lindbrook Capital LLC now owns 1,026 shares of the technology company’s stock valued at $44,000 after buying an additional 274 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Koninklijke Philips by 1.5% in the second quarter. Janney Montgomery Scott LLC now owns 21,102 shares of the technology company’s stock valued at $920,000 after buying an additional 321 shares during the period. 4.12% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on PHG. Citigroup started coverage on shares of Koninklijke Philips in a research report on Tuesday, July 30th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Koninklijke Philips in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.00.

Shares of PHG stock traded up $0.50 on Wednesday, hitting $46.95. The company had a trading volume of 20,662 shares, compared to its average volume of 444,452. The firm has a market cap of $42.95 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.39 and a beta of 1.25. The stock’s 50-day moving average is $46.64 and its two-hundred day moving average is $42.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 1.27. Koninklijke Philips NV has a twelve month low of $32.98 and a twelve month high of $48.28.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, July 22nd. The technology company reported $0.49 earnings per share (EPS) for the quarter. The company had revenue of $5.25 billion during the quarter. Koninklijke Philips had a return on equity of 13.79% and a net margin of 7.34%. Equities research analysts predict that Koninklijke Philips NV will post 2.14 EPS for the current year.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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