Yousif Capital Management LLC Trims Stock Holdings in Koninklijke Philips (NYSE:PHG)

Yousif Capital Management LLC reduced its stake in shares of Koninklijke Philips (NYSE:PHG) by 38.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,593 shares of the technology company’s stock after selling 5,330 shares during the period. Yousif Capital Management LLC’s holdings in Koninklijke Philips were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PHG. Avantra Family Wealth Inc. bought a new position in Koninklijke Philips in the 4th quarter worth $483,000. First Affirmative Financial Network lifted its position in shares of Koninklijke Philips by 5.9% in the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock valued at $277,000 after acquiring an additional 611 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Koninklijke Philips by 58.6% in the fourth quarter. Blue Trust Inc. now owns 19,003 shares of the technology company’s stock worth $481,000 after acquiring an additional 7,021 shares during the period. SG Americas Securities LLC boosted its stake in shares of Koninklijke Philips by 19.7% in the fourth quarter. SG Americas Securities LLC now owns 28,523 shares of the technology company’s stock worth $722,000 after acquiring an additional 4,700 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its position in shares of Koninklijke Philips by 6.6% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 35,894 shares of the technology company’s stock worth $909,000 after purchasing an additional 2,213 shares in the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PHG has been the subject of several recent analyst reports. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Koninklijke Philips Trading Down 1.6 %

Shares of PHG stock opened at $28.16 on Tuesday. The stock’s 50-day moving average price is $26.21 and its 200-day moving average price is $28.20. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91. The stock has a market capitalization of $26.47 billion, a price-to-earnings ratio of -67.04, a price-to-earnings-growth ratio of 0.90 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.

About Koninklijke Philips

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.