Financial Counselors Inc. Has $4.48 Million Stock Position in Koninklijke Philips (NYSE:PHG)

Financial Counselors Inc. cut its stake in shares of Koninklijke Philips (NYSE:PHG) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,795 shares of the technology company’s stock after selling 719 shares during the period. Financial Counselors Inc.’s holdings in Koninklijke Philips were worth $4,476,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in shares of Koninklijke Philips during the second quarter valued at about $54,000. CWM LLC grew its holdings in Koninklijke Philips by 21.9% during the 2nd quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares during the last quarter. Eastern Bank bought a new stake in Koninklijke Philips during the 3rd quarter worth approximately $88,000. Blue Trust Inc. raised its stake in shares of Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after acquiring an additional 3,331 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of Koninklijke Philips during the third quarter worth $107,000. 13.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on PHG. StockNews.com downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Five 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 company presently has an average rating of “Hold”.

Koninklijke Philips Stock Performance

PHG opened at $27.15 on Friday. Koninklijke Philips has a 1-year low of $19.49 and a 1-year high of $32.91. The company’s fifty day moving average price is $29.33 and its two-hundred day moving average price is $28.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16.

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.