Koninklijke Philips (NYSE:PHG) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,890 shares of the technology company's stock after selling 15,324 shares during the period. Corient Private Wealth LLC's holdings in Koninklijke Philips were worth $1,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PHG. FMR LLC grew its position in shares of Koninklijke Philips by 0.6% in the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company's stock worth $200,859,000 after buying an additional 35,935 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Koninklijke Philips by 87.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock valued at $56,266,000 after acquiring an additional 1,038,321 shares in the last quarter. Bank of Montreal Can grew its holdings in Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company's stock worth $32,157,000 after purchasing an additional 949,278 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of Koninklijke Philips by 4.9% during the fourth quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock worth $23,260,000 after purchasing an additional 43,157 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Koninklijke Philips by 3.7% during the fourth quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock worth $18,769,000 after purchasing an additional 26,227 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Remove Ads

Koninklijke Philips Stock Performance

Koninklijke Philips stock traded down $0.05 during trading hours on Friday, hitting $25.65. 815,228 shares of the stock traded hands, compared to its average volume of 871,579. Koninklijke Philips has a 1 year low of $19.10 and a 1 year high of $32.91. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of -30.53, a P/E/G ratio of 0.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. The firm's 50 day moving average price is $26.73 and its 200-day moving average price is $27.57.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly 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 business 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%. As a group, equities analysts expect that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be issued 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 presently -89.29%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report 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. Finally, UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.