Capital Fund Management S.A. Buys 11,669 Shares of Koninklijke Philips (NYSE:PHG)

Capital Fund Management S.A. boosted its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,728 shares of the technology company's stock after purchasing an additional 11,669 shares during the quarter. Capital Fund Management S.A.'s holdings in Koninklijke Philips were worth $2,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of PHG. Wilmington Savings Fund Society FSB acquired a new position in shares of Koninklijke Philips in the 3rd quarter valued at $54,000. Farther Finance Advisors LLC raised its holdings in Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after acquiring an additional 582 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Koninklijke Philips during the fourth quarter valued at approximately $55,000. Millstone Evans Group LLC bought a new position in shares of Koninklijke Philips in the fourth quarter valued at $60,000. Finally, Allworth Financial LP increased its stake in shares of Koninklijke Philips by 24.9% during the 4th quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock worth $105,000 after purchasing an additional 797 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

Shares of Koninklijke Philips stock traded down $0.10 during trading on Friday, reaching $23.62. The company's stock had a trading volume of 642,130 shares, compared to its average volume of 896,281. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The business's 50-day moving average price is $25.48 and its 200-day moving average price is $26.71. Koninklijke Philips has a 52 week low of $19.29 and a 52 week high of $32.91. The firm has a market cap of $22.20 billion, a PE ratio of -28.11, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. Equities analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

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

Analyst Ratings Changes

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

Koninklijke Philips Company 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.