Cetera Trust Company N.A Sells 939 Shares of Koninklijke Philips (NYSE:PHG)

Cetera Trust Company N.A trimmed its stake in Koninklijke Philips (NYSE:PHG) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,609 shares of the technology company’s stock after selling 939 shares during the period. Cetera Trust Company N.A’s holdings in Koninklijke Philips were worth $243,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PHG. Wilmington Savings Fund Society FSB bought a new stake in shares of Koninklijke Philips in the 3rd quarter worth about $54,000. Eastern Bank bought a new stake in Koninklijke Philips during the third quarter worth about $88,000. RPg Family Wealth Advisory LLC bought a new stake in Koninklijke Philips during the third quarter worth about $107,000. Clifford Capital Partners LLC bought a new stake in Koninklijke Philips during the 2nd quarter worth approximately $201,000. Finally, OLD National Bancorp IN bought a new stake in Koninklijke Philips during the 3rd quarter worth approximately $202,000. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Price Performance

Shares of PHG stock opened at $26.67 on Wednesday. The firm has a market cap of $25.07 billion, a price-to-earnings ratio of -63.54, a PEG ratio of 0.86 and a beta of 0.77. Koninklijke Philips has a 12 month low of $19.55 and a 12 month high of $32.91. 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 stock has a 50-day moving average price of $25.85 and a 200 day moving average price of $28.08.

Analysts Set New Price Targets

PHG has been the topic of a number of research analyst reports. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.