Koninklijke Philips Electronics (NYSE:PHG).
Raymond James & Associates increased its investment in Koninklijke Philips Electronics by 4.6% in the quarter ending 09/30/2017. Its position was worth $10,905,000 an increase of 20.3% as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (PHG). As of the end of the quarter Dimensional Fund Advisors Lp had acquired a total of 91,559 shares growing its stake by 8.2%. The value of the total investment in Koninklijke Philips Electronics increased from $40,063,000 to $49,853,000 a change of 24.4% quarter to quarter. As of quarter end Greenleaf Trust had bought 3,904 shares growing its position 27.0%. The value of the investment in PHG went from $519,000 to $757,000 a change of $238,000 quarter over quarter.
Baird Financial Group, Inc. downsized its position by shedding 1,174 shares a decrease of 5.7% as of 09/30/2017. Baird Financial Group, Inc. now holds 19,521 shares with a value of $804,000. The value of the position overall is up by 8.5%.
On October 24, 2017 Citigroup maintained a “Buy” rating on the company.
The company is trading down since yesterday’s close of 39.1. The most current P/E ratio is 34.19 and market cap is 36.44B. In the latest earnings report the EPS was $1.14 with 936.86M shares currently outstanding.
Investors are more bearish on the company if you pay attention to the rise in short interest. The firm saw a rise in short interest of 13.48% between September 29, 2017 and October 13, 2017. Short shares increased 118,590 over that timeframe. With short interest at 998,233 and short average daily volume at 1,734,225, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 13.