Koninklijke Philips (NYSE:PHG) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI trimmed its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,176,682 shares of the technology company's stock after selling 290,886 shares during the quarter. Koninklijke Philips accounts for 1.5% of Fiduciary Management Inc. WI's holdings, making the stock its 27th largest holding. Fiduciary Management Inc. WI owned about 0.66% of Koninklijke Philips worth $156,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Koninklijke Philips by 1.0% during the third quarter. State Street Corp now owns 82,518 shares of the technology company's stock worth $2,809,000 after buying an additional 844 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Koninklijke Philips in the 3rd quarter valued at $54,000. JPMorgan Chase & Co. lifted its position in shares of Koninklijke Philips by 315.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company's stock worth $8,040,000 after purchasing an additional 186,520 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Koninklijke Philips by 6.3% during the fourth quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company's stock worth $278,000 after purchasing an additional 648 shares in the last quarter. Finally, Bar Harbor Wealth Management increased its holdings in Koninklijke Philips by 2.1% in the fourth quarter. Bar Harbor Wealth Management now owns 308,157 shares of the technology company's stock valued at $7,803,000 after buying an additional 6,281 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Stock Performance

Shares of Koninklijke Philips stock traded up $0.09 on Thursday, hitting $24.55. The stock had a trading volume of 304,209 shares, compared to its average volume of 861,643. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of -29.23, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. Koninklijke Philips has a 52-week low of $20.58 and a 52-week high of $32.91. The company's 50 day moving average price is $25.22 and its 200 day moving average price is $26.54.

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). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. On average, research analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current 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 dividend of $0.886 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio is currently -89.29%.

Wall Street Analysts Forecast Growth

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

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.