Paradigm Asset Management Co. LLC Sells 44,600 Shares of Koninklijke Philips N.V. $PHG

Paradigm Asset Management Co. LLC lowered its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 95.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,343 shares of the technology company’s stock after selling 44,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Koninklijke Philips were worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of PHG. Johnson Financial Group Inc. bought a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $27,000. Flagship Harbor Advisors LLC bought a new stake in Koninklijke Philips during the 4th quarter valued at $31,000. Root Financial Partners LLC bought a new stake in Koninklijke Philips during the 3rd quarter valued at $83,000. CWM LLC raised its holdings in Koninklijke Philips by 20.0% during the 3rd quarter. CWM LLC now owns 3,779 shares of the technology company’s stock valued at $103,000 after acquiring an additional 629 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Koninklijke Philips by 182.2% during the 4th quarter. Farther Finance Advisors LLC now owns 4,095 shares of the technology company’s stock valued at $111,000 after acquiring an additional 2,644 shares during the period. Institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

PHG has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings lowered shares of Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Koninklijke Philips presently has an average rating of “Hold”.

Koninklijke Philips Stock Down 5.0%

Shares of NYSE:PHG opened at $25.65 on Thursday. Koninklijke Philips N.V. has a 52-week low of $21.95 and a 52-week high of $33.44. The firm has a fifty day moving average of $27.79 and a 200 day moving average of $28.36. The firm has a market capitalization of $24.70 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 6.97 and a beta of 0.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.32.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Koninklijke Philips had a net margin of 5.49% and a return on equity of 13.51%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.49 billion. As a group, research analysts anticipate that Koninklijke Philips N.V. will post 1.87 EPS for the current fiscal year.

Koninklijke Philips Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.