American Century Companies Inc. Increases Stock Position in Koninklijke Philips (NYSE:PHG)

American Century Companies Inc. grew its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 295,158 shares of the technology company's stock after purchasing an additional 55,911 shares during the quarter. American Century Companies Inc.'s holdings in Koninklijke Philips were worth $7,473,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in PHG. Charles Schwab Investment Management Inc. raised its position in Koninklijke Philips by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company's stock valued at $1,809,000 after purchasing an additional 11,538 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Koninklijke Philips by 22.1% during the third quarter. BNP Paribas Financial Markets now owns 20,057 shares of the technology company's stock worth $656,000 after buying an additional 3,629 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Koninklijke Philips during the third quarter worth about $4,622,000. Quantinno Capital Management LP increased its position in Koninklijke Philips by 18.2% in the 3rd quarter. Quantinno Capital Management LP now owns 105,314 shares of the technology company's stock valued at $3,446,000 after acquiring an additional 16,193 shares during the period. Finally, Stifel Financial Corp raised its stake in Koninklijke Philips by 16.4% during the 3rd quarter. Stifel Financial Corp now owns 195,222 shares of the technology company's stock valued at $6,388,000 after acquiring an additional 27,536 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. UBS Group raised Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Koninklijke Philips Price Performance

Koninklijke Philips stock traded down $0.10 during midday trading on Tuesday, reaching $21.68. The company's stock had a trading volume of 2,028,870 shares, compared to its average volume of 889,280. The firm has a market capitalization of $20.37 billion, a PE ratio of -25.80, a P/E/G ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a fifty-two week low of $19.25 and a fifty-two week high of $32.91. The stock's 50 day simple moving average is $26.18 and its 200 day simple moving average is $27.15. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, equities research analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.886 per share. The ex-dividend date is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips's payout ratio is -89.29%.

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.