Bank of New Hampshire Decreases Position in Koninklijke Philips (NYSE:PHG)

Bank of New Hampshire trimmed its position in shares of Koninklijke Philips (NYSE:PHG) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 103,944 shares of the technology company’s stock after selling 5,837 shares during the quarter. Bank of New Hampshire’s holdings in Koninklijke Philips were worth $2,632,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in shares of Koninklijke Philips by 182.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,657 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,654 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Koninklijke Philips by 22.0% during the second quarter. Commonwealth Equity Services LLC now owns 67,625 shares of the technology company’s stock worth $1,704,000 after buying an additional 12,216 shares during the period. Rhumbline Advisers lifted its position in Koninklijke Philips by 5.3% during the second quarter. Rhumbline Advisers now owns 28,170 shares of the technology company’s stock worth $710,000 after buying an additional 1,420 shares during the period. Gallacher Capital Management LLC lifted its position in Koninklijke Philips by 6.5% during the second quarter. Gallacher Capital Management LLC now owns 15,094 shares of the technology company’s stock worth $380,000 after buying an additional 918 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in Koninklijke Philips during the second quarter worth about $342,000. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Trading Up 0.6 %

NYSE:PHG traded up $0.16 on Tuesday, hitting $25.61. 30,782 shares of the stock were exchanged, compared to its average volume of 318,266. The stock has a market cap of $24.07 billion, a PE ratio of -60.97, a PEG ratio of 0.92 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. The stock has a fifty day moving average of $26.08 and a 200-day moving average of $28.10. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PHG shares. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average 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.