Intercontinental Wealth Advisors LLC reduced its position in shares of Koninklijke Philips NV (NYSE:PHG) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,938 shares of the technology company’s stock after selling 255 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Koninklijke Philips were worth $366,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Koninklijke Philips by 15.6% during the first quarter. BlackRock Inc. now owns 6,945,570 shares of the technology company’s stock worth $283,796,000 after acquiring an additional 936,983 shares during the period. Morgan Stanley boosted its position in shares of Koninklijke Philips by 59.4% in the 2nd quarter. Morgan Stanley now owns 1,568,350 shares of the technology company’s stock valued at $68,349,000 after purchasing an additional 584,489 shares during the period. Wells Fargo & Company MN boosted its position in shares of Koninklijke Philips by 10.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,258,159 shares of the technology company’s stock valued at $54,831,000 after purchasing an additional 114,137 shares during the period. Northern Trust Corp boosted its position in shares of Koninklijke Philips by 3.1% in the 2nd quarter. Northern Trust Corp now owns 935,683 shares of the technology company’s stock valued at $40,777,000 after purchasing an additional 27,850 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Koninklijke Philips by 3.5% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 693,042 shares of the technology company’s stock valued at $30,203,000 after purchasing an additional 23,165 shares during the period. 4.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:PHG traded up $0.70 during midday trading on Wednesday, reaching $45.68. The company had a trading volume of 623,414 shares, compared to its average volume of 704,219. 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 1-year low of $32.98 and a 1-year high of $48.84. The firm has a market cap of $40.90 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.26. The company has a fifty day simple moving average of $46.74 and a two-hundred day simple moving average of $43.44.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.49 earnings per share for the quarter. Koninklijke Philips had a return on equity of 13.79% and a net margin of 7.34%. The business had revenue of $5.25 billion during the quarter. Analysts expect that Koninklijke Philips NV will post 2.11 EPS for the current year.

A number of equities analysts recently weighed in on the company. ValuEngine lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Koninklijke Philips in a research report on Thursday, August 29th. Citigroup assumed coverage on Koninklijke Philips in a research report on Tuesday, July 30th. They issued a “buy” rating for the company. Finally, Berenberg Bank reiterated a “buy” rating on shares of Koninklijke Philips in a research report on Monday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.00.

Koninklijke Philips Profile

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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