Riverwater Partners LLC Has $508,000 Stock Holdings in Koninklijke Philips (NYSE:PHG)

Riverwater Partners LLC decreased its position in shares of Koninklijke Philips (NYSE:PHG) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,661 shares of the technology company’s stock after selling 540 shares during the period. Riverwater Partners LLC’s holdings in Koninklijke Philips were worth $508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Koninklijke Philips in the 1st quarter valued at approximately $40,000. Fairscale Capital LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $54,000. CWM LLC grew its position in Koninklijke Philips by 21.9% in the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after acquiring an additional 616 shares in the last quarter. Eastern Bank acquired a new position in shares of Koninklijke Philips during the 3rd quarter worth $88,000. Finally, Headlands Technologies LLC bought a new position in shares of Koninklijke Philips during the 1st quarter valued at $91,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Trading Down 0.6 %

NYSE:PHG opened at $31.90 on Thursday. The company’s 50 day moving average is $30.99 and its 200-day moving average is $27.58. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 12 month low of $18.06 and a 12 month high of $32.91. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of -33.23, a P/E/G ratio of 1.05 and a beta of 0.74.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The firm had revenue of $4.80 billion for the quarter. Koninklijke Philips had a negative net margin of 2.35% and a positive return on equity of 10.15%. Equities analysts anticipate that Koninklijke Philips will post 1.59 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

About Koninklijke Philips

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.