Trade Report: Today, Bank of New York Mellon Corp Sold shares of Koninklijke Philips NV (PHG)

Today, Bank of New York Mellon Corp Sold shares of Koninklijke Philips NV (PHG)

Bank of New York Mellon Corp cut its position in shares of Koninklijke Philips NV (NYSE:PHG) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 32,804 shares of the company’s stock after selling 787 shares during the period. Bank of New York Mellon Corp’s holdings in Koninklijke Philips NV were worth $817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Analysts LLC boosted its position in Koninklijke Philips NV by 43.3% in the second quarter. Capital Analysts LLC now owns 3,958 shares of the company’s stock valued at $201,000 after buying an additional 1,195 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in Koninklijke Philips NV by 3.4% in the second quarter. Integrated Investment Consultants LLC now owns 4,068 shares of the company’s stock valued at $101,000 after buying an additional 134 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in Koninklijke Philips NV by 3.4% in the second quarter. Hanson & Doremus Investment Management now owns 4,539 shares of the company’s stock valued at $113,000 after buying an additional 149 shares in the last quarter. Atwood & Palmer Inc. boosted its position in Koninklijke Philips NV by 3.4% in the second quarter. Atwood & Palmer Inc. now owns 6,516 shares of the company’s stock valued at $163,000 after buying an additional 217 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Koninklijke Philips NV by 4.4% in the second quarter. Checchi Capital Advisers LLC now owns 8,411 shares of the company’s stock valued at $210,000 after buying an additional 355 shares in the last quarter. 6.62% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips NV (NYSE:PHG) traded up 0.72% during mid-day trading on Tuesday, reaching $29.26. The company had a trading volume of 473,375 shares. The company has a market capitalization of $27.13 billion, a P/E ratio of 33.48 and a beta of 1.43. Koninklijke Philips NV has a one year low of $23.00 and a one year high of $30.09. The stock has a 50 day moving average price of $29.20 and a 200 day moving average price of $27.28.

Koninklijke Philips NV (NYSE:PHG) last announced its earnings results on Monday, July 25th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.20. The business earned $5.86 billion during the quarter, compared to analyst estimates of $5.91 billion. Koninklijke Philips NV had a return on equity of 2.93% and a net margin of 3.01%. Koninklijke Philips NV’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. On average, equities analysts expect that Koninklijke Philips NV will post $1.57 earnings per share for the current fiscal year.

Several research firms have recently weighed in on PHG. TheStreet raised Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. Zacks Investment Research raised Koninklijke Philips NV from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.00.

About Koninklijke Philips NV

Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.

Related posts

Leave a Comment