Raymond James & Associates Has $13.65 Million Position in Koninklijke Philips (NYSE:PHG)

Raymond James & Associates reduced its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 417,041 shares of the technology company's stock after selling 96,881 shares during the quarter. Raymond James & Associates' holdings in Koninklijke Philips were worth $13,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Koninklijke Philips in the 1st quarter valued at $40,000. Fairscale Capital LLC bought a new position in shares of Koninklijke Philips in the 2nd quarter valued at approximately $54,000. CWM LLC raised its stake in shares of Koninklijke Philips by 21.9% in the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company's stock valued at $86,000 after acquiring an additional 616 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Koninklijke Philips in the 1st quarter valued at approximately $91,000. Finally, Blue Trust Inc. increased its position in Koninklijke Philips by 902.7% in the 2nd quarter. Blue Trust Inc. now owns 3,700 shares of the technology company's stock worth $93,000 after buying an additional 3,331 shares during the period. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Down 15.9 %

Shares of PHG stock traded down $5.05 on Monday, reaching $26.62. 4,263,838 shares of the stock were exchanged, compared to its average volume of 977,957. Koninklijke Philips has a one year low of $18.47 and a one year high of $32.91. 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 50 day moving average price of $31.10 and a 200 day moving average price of $27.79.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The business had revenue of $4.80 billion during the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. On average, sell-side analysts anticipate that Koninklijke Philips will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

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.