Tocqueville Asset Management L.P. Sells 2,996 Shares of Koninklijke Philips NV (NYSE:PHG)

Tocqueville Asset Management L.P. lowered its stake in Koninklijke Philips NV (NYSE:PHG) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,053 shares of the technology company’s stock after selling 2,996 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Koninklijke Philips were worth $8,152,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PHG. Comerica Securities Inc. increased its stake in shares of Koninklijke Philips by 10.4% in the fourth quarter. Comerica Securities Inc. now owns 7,280 shares of the technology company’s stock valued at $256,000 after purchasing an additional 686 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Koninklijke Philips by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 19,857 shares of the technology company’s stock valued at $698,000 after purchasing an additional 772 shares during the period. Norges Bank acquired a new stake in shares of Koninklijke Philips in the fourth quarter valued at approximately $19,889,000. Deutsche Bank AG increased its stake in shares of Koninklijke Philips by 1,326.9% in the fourth quarter. Deutsche Bank AG now owns 256,949 shares of the technology company’s stock valued at $9,021,000 after purchasing an additional 238,942 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Koninklijke Philips in the first quarter valued at approximately $443,000. Institutional investors own 4.01% of the company’s stock.

Shares of NYSE:PHG traded up $0.48 during trading hours on Tuesday, hitting $46.63. The stock had a trading volume of 33,025 shares, compared to its average volume of 813,885. The firm has a fifty day moving average price of $45.15. Koninklijke Philips NV has a 1-year low of $32.98 and a 1-year high of $48.28. The firm has a market capitalization of $42.95 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.27 and a quick ratio of 0.85.

Separately, Citigroup began coverage on shares of Koninklijke Philips in a research note on Tuesday, July 30th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Koninklijke Philips currently has a consensus rating of “Hold” and an average target price of $46.00.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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