Koninklijke Philips (NYSE:PHG) Shares Bought by Causeway Capital Management LLC

Causeway Capital Management LLC lifted its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 24.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,566,850 shares of the technology company's stock after buying an additional 303,428 shares during the period. Causeway Capital Management LLC owned approximately 0.17% of Koninklijke Philips worth $39,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Koninklijke Philips in the third quarter worth about $54,000. Farther Finance Advisors LLC increased its stake in shares of Koninklijke Philips by 37.1% in 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 during the period. Whipplewood Advisors LLC purchased a new position in shares of Koninklijke Philips during the fourth quarter worth $55,000. Millstone Evans Group LLC purchased a new stake in Koninklijke Philips in the fourth quarter valued at $60,000. Finally, Allworth Financial LP grew its position in 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 period. Hedge funds and other institutional investors own 13.67% of the company's stock.

Wall Street Analysts Forecast Growth

PHG has been the topic of several analyst reports. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Two equities research 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Koninklijke Philips Price Performance

Shares of NYSE:PHG traded down $0.10 during midday trading on Friday, hitting $23.62. The company had a trading volume of 642,130 shares, compared to its average volume of 896,281. The business's 50-day simple moving average is $25.48 and its 200-day simple moving average is $26.71. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of -28.11, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. Koninklijke Philips has a twelve month low of $19.29 and a twelve month high of $32.91.

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

Koninklijke Philips Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be paid a $0.886 dividend. 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 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.