Assetmark Inc. Has $1.90 Million Stock Holdings in Koninklijke Philips (NYSE:PHG)

Assetmark Inc. trimmed its stake in Koninklijke Philips (NYSE:PHG - Free Report) by 32.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,039 shares of the technology company's stock after selling 28,389 shares during the period. Assetmark Inc.'s holdings in Koninklijke Philips were worth $1,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Millennium Management LLC increased its position in shares of Koninklijke Philips by 822.0% during the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company's stock valued at $28,237,000 after purchasing an additional 998,995 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Koninklijke Philips by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company's stock valued at $101,718,000 after purchasing an additional 864,951 shares during the period. Jane Street Group LLC increased its position in shares of Koninklijke Philips by 361.7% during the first quarter. Jane Street Group LLC now owns 629,136 shares of the technology company's stock valued at $12,583,000 after purchasing an additional 492,881 shares during the period. Russell Investments Group Ltd. increased its position in shares of Koninklijke Philips by 36.4% during the first quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company's stock valued at $28,201,000 after purchasing an additional 376,244 shares during the period. Finally, Bar Harbor Wealth Management bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $9,877,000. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Trading Down 0.8 %

NYSE PHG traded down $0.22 on Thursday, reaching $25.74. The company had a trading volume of 614,307 shares, compared to its average volume of 976,298. The stock's 50 day moving average is $30.22 and its 200-day moving average is $28.29. The stock has a market cap of $24.19 billion, a price-to-earnings ratio of -61.81, a PEG ratio of 0.91 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised Koninklijke Philips from an "underperform" rating to a "hold" rating in a research note on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.