Commonwealth Equity Services LLC Decreases Stock Position in Koninklijke Philips (NYSE:PHG)

Commonwealth Equity Services LLC reduced its position in Koninklijke Philips (NYSE:PHG - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,787 shares of the technology company's stock after selling 11,829 shares during the quarter. Commonwealth Equity Services LLC's holdings in Koninklijke Philips were worth $1,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PHG. Charles Schwab Investment Management Inc. grew its stake in shares of Koninklijke Philips by 26.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company's stock worth $1,809,000 after purchasing an additional 11,538 shares in the last quarter. Cerity Partners LLC lifted its holdings in Koninklijke Philips by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 60,112 shares of the technology company's stock worth $1,967,000 after buying an additional 8,625 shares during the last quarter. FMR LLC boosted its position in shares of Koninklijke Philips by 0.6% during the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company's stock worth $200,859,000 after acquiring an additional 35,935 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Koninklijke Philips in the 3rd quarter valued at about $564,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Koninklijke Philips by 22.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,057 shares of the technology company's stock valued at $656,000 after acquiring an additional 3,629 shares during the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

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

Koninklijke Philips Stock Performance

NYSE:PHG traded down $1.01 during mid-day trading on Thursday, reaching $23.84. The stock had a trading volume of 1,964,513 shares, compared to its average volume of 874,245. Koninklijke Philips has a twelve month low of $19.25 and a twelve month high of $32.91. The business has a 50 day simple moving average of $26.61 and a 200 day simple moving average of $27.43. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of -28.37, a PEG ratio of 0.82 and a beta of 0.78. 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 posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion for 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, analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently announced 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. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips's payout ratio is -89.29%.

About Koninklijke Philips

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.