Royal Philips Nv Adr (PHG) Shareholder Flippin Bruce & Porter INC Has Decreased Its Position by $3.88 Million as Market Value Rose

November 14, 2017 - By Louis Casey

Flippin Bruce & Porter Inc decreased its stake in Royal Philips Nv Adr (PHG) by 41.93% based on its latest 2017Q2 regulatory filing with the SEC. Flippin Bruce & Porter Inc sold 110,965 shares as the company’s stock rose 20.05% with the market. The institutional investor held 153,653 shares of the consumer electronics and appliances company at the end of 2017Q2, valued at $5.50 million, down from 264,618 at the end of the previous reported quarter. Flippin Bruce & Porter Inc who had been investing in Royal Philips Nv Adr for a number of months, seems to be less bullish one the $36.83 billion market cap company. The stock increased 0.80% or $0.31 during the last trading session, reaching $39.1. About 2.40M shares traded or 29.73% up from the average. Koninklijke Philips NV (ADR) (NYSE:PHG) has risen 38.13% since November 14, 2016 and is uptrending. It has outperformed by 21.43% the S&P500.

More recent Koninklijke Philips NV (ADR) (NYSE:PHG) news were published by: which released: “Koninklijke Philips NV (ADR) IPO: World’s Largest Light Maker Plans Spinoff” on May 03, 2016. Also published the news titled: “Philips Splits Off Lighting In Historic Move” on September 23, 2014.‘s news article titled: “38.79” with publication date: July 13, 2009 was also an interesting one.

Koninklijke Philips NV (ADR) (NYSE:PHG) Ratings Coverage

Among 13 analysts covering Koninklijke Philips N.V. (NYSE:PHG), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Koninklijke Philips N.V. had 14 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Hold” rating by ING Group on Friday, November 27. Morgan Stanley downgraded the shares of PHG in report on Monday, December 12 to “Equal-Weight” rating. As per Wednesday, June 21, the company rating was downgraded by Natixis. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) has “Outperform” rating given on Tuesday, September 8 by Credit Suisse. The rating was upgraded by RBC Capital Markets to “Outperform” on Wednesday, September 2. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Outperform” rating by BNP Paribas on Wednesday, May 11. The rating was upgraded by Nomura to “Neutral” on Thursday, August 27. Citigroup initiated the shares of PHG in report on Wednesday, November 23 with “Buy” rating. On Tuesday, July 28 the stock rating was upgraded by Barclays Capital to “Equal Weight”. The stock of Koninklijke Philips NV (ADR) (NYSE:PHG) earned “Neutral” rating by BNP Paribas on Monday, October 16.

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