Bank of Hawaii Sells 6,863 Shares of Koninklijke Philips (NYSE:PHG)

Bank of Hawaii lessened its stake in Koninklijke Philips (NYSE:PHG) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,914 shares of the technology company’s stock after selling 6,863 shares during the period. Bank of Hawaii’s holdings in Koninklijke Philips were worth $750,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Koninklijke Philips in the 1st quarter worth approximately $271,000. 1832 Asset Management L.P. increased its holdings in Koninklijke Philips by 42.6% in the 1st quarter. 1832 Asset Management L.P. now owns 5,945 shares of the technology company’s stock valued at $119,000 after buying an additional 1,777 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Koninklijke Philips by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,089 shares of the technology company’s stock valued at $3,302,000 after buying an additional 5,951 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Koninklijke Philips by 361.7% during the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after acquiring an additional 492,881 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of Koninklijke Philips during the 1st quarter valued at about $273,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PHG has been the subject of several recent research reports. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Koninklijke Philips Trading Up 3.0 %

Shares of PHG stock opened at $27.18 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $25.55 billion, a P/E ratio of -64.71, a P/E/G ratio of 0.93 and a beta of 0.77. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91. The firm has a 50-day moving average price of $29.56 and a 200 day moving average price of $28.28.

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.