Fiduciary Management Inc. WI Decreases Holdings in Koninklijke Philips N.V. $PHG

Fiduciary Management Inc. WI trimmed its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 8.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,543,122 shares of the technology company’s stock after selling 636,112 shares during the quarter. Koninklijke Philips accounts for about 1.9% of Fiduciary Management Inc. WI’s holdings, making the stock its 15th largest holding. Fiduciary Management Inc. WI’s holdings in Koninklijke Philips were worth $177,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Mondrian Investment Partners LTD purchased a new position in shares of Koninklijke Philips during the 3rd quarter valued at about $215,529,000. Causeway Capital Management LLC raised its holdings in shares of Koninklijke Philips by 5.8% during the 3rd quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock valued at $53,378,000 after buying an additional 107,117 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Koninklijke Philips by 8.1% during the 3rd quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock valued at $52,409,000 after buying an additional 143,811 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Koninklijke Philips by 1.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 973,527 shares of the technology company’s stock valued at $26,363,000 after buying an additional 17,431 shares in the last quarter. Finally, Investment Management Associates Inc. ADV raised its holdings in shares of Koninklijke Philips by 0.6% during the 4th quarter. Investment Management Associates Inc. ADV now owns 507,264 shares of the technology company’s stock valued at $13,737,000 after buying an additional 2,902 shares in the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

PHG opened at $26.13 on Friday. 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 N.V. has a 52-week low of $21.95 and a 52-week high of $33.44. The stock has a market capitalization of $25.16 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 6.73 and a beta of 0.74. The stock’s 50 day moving average price is $27.09 and its 200-day moving average price is $28.13.

Koninklijke Philips (NYSE:PHG) last posted its earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%.The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.49 billion. On average, equities research analysts predict that Koninklijke Philips N.V. will post 1.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PHG. Zacks Research cut Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.