Natixis Advisors LLC Trims Stake in Koninklijke Philips (NYSE:PHG)

Natixis Advisors LLC decreased its position in Koninklijke Philips (NYSE:PHG - Free Report) by 23.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 715,050 shares of the technology company's stock after selling 215,035 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Koninklijke Philips worth $23,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PHG. Allspring Global Investments Holdings LLC purchased a new position in shares of Koninklijke Philips during the 1st quarter worth $40,000. Fairscale Capital LLC purchased a new stake in Koninklijke Philips in the second quarter worth about $54,000. CWM LLC lifted its position in shares of Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company's stock valued at $86,000 after buying an additional 616 shares in the last quarter. Eastern Bank bought a new position in shares of Koninklijke Philips during the 3rd quarter valued at approximately $88,000. Finally, Blue Trust Inc. raised its stake in Koninklijke Philips by 902.7% during the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company's stock worth $93,000 after acquiring an additional 3,331 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Koninklijke Philips from an "underperform" rating to a "hold" rating in a research note on Tuesday, October 29th. StockNews.com lowered Koninklijke Philips from a "buy" rating to a "hold" rating in a research 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 company's stock. According to MarketBeat.com, Koninklijke Philips presently has an average rating of "Hold".

Koninklijke Philips Price Performance

PHG stock traded down $0.03 during trading on Tuesday, hitting $25.92. 341,358 shares of the company's stock traded hands, compared to its average volume of 970,194. The business has a fifty day simple moving average of $29.97 and a 200 day simple moving average of $28.29. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74.

Koninklijke Philips 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.