Mirae Asset Global Investments Co. Ltd. Sells 1,595 Shares of Koninklijke Philips NV (PHG)

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Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,175 shares of the technology company’s stock after selling 1,595 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Koninklijke Philips were worth $568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of PHG. Boston Common Asset Management LLC boosted its holdings in Koninklijke Philips by 3.2% in the 4th quarter. Boston Common Asset Management LLC now owns 131,608 shares of the technology company’s stock worth $4,621,000 after buying an additional 4,137 shares during the period. Trillium Asset Management LLC boosted its holdings in Koninklijke Philips by 5.7% in the 3rd quarter. Trillium Asset Management LLC now owns 66,985 shares of the technology company’s stock worth $3,048,000 after buying an additional 3,602 shares during the period. Financial Gravity Companies Inc. bought a new position in Koninklijke Philips in the 4th quarter worth $37,000. Greenwood Gearhart Inc. boosted its holdings in Koninklijke Philips by 10.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 128,832 shares of the technology company’s stock worth $4,523,000 after buying an additional 11,892 shares during the period. Finally, Comerica Bank boosted its holdings in Koninklijke Philips by 8.4% in the 3rd quarter. Comerica Bank now owns 57,008 shares of the technology company’s stock worth $2,073,000 after buying an additional 4,436 shares during the period. 4.22% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.00.

PHG opened at $40.36 on Friday. Koninklijke Philips NV has a 52 week low of $32.98 and a 52 week high of $46.67. The stock has a market cap of $36.83 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.44 and a beta of 1.24. The company has a quick ratio of 0.87, a current ratio of 1.21 and a debt-to-equity ratio of 0.28.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, January 29th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. Koninklijke Philips had a net margin of 5.91% and a return on equity of 11.17%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts forecast that Koninklijke Philips NV will post 1.93 EPS for the current fiscal year.

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Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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