Bonness Enterprises Inc. Sells 15,755 Shares of Koninklijke Philips (NYSE:PHG)

Bonness Enterprises Inc. lessened its position in Koninklijke Philips (NYSE:PHG) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,062 shares of the technology company’s stock after selling 15,755 shares during the quarter. Koninklijke Philips accounts for approximately 0.8% of Bonness Enterprises Inc.’s portfolio, making the stock its 23rd largest holding. Bonness Enterprises Inc.’s holdings in Koninklijke Philips were worth $2,230,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after acquiring an additional 998,995 shares during the last quarter. Bank of Montreal Can raised its position in Koninklijke Philips by 2,883.5% in the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after purchasing an additional 949,278 shares during the period. Dimensional Fund Advisors LP lifted its stake in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after purchasing an additional 864,951 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in Koninklijke Philips during the third quarter valued at about $19,593,000. Finally, Bar Harbor Wealth Management bought a new position in shares of Koninklijke Philips during the third quarter valued at about $9,877,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.3 %

NYSE PHG opened at $25.82 on Tuesday. Koninklijke Philips has a 1 year low of $19.55 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The business’s 50-day moving average is $25.85 and its 200 day moving average is $28.09.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research note 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 stock. According to data from MarketBeat.com, Koninklijke Philips currently has an average 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.