First Foundation Advisors Invests $862,000 in Koninklijke Philips (NYSE:PHG)

First Foundation Advisors purchased a new stake in Koninklijke Philips (NYSE:PHG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,050 shares of the technology company's stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Koninklijke Philips by 87.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock worth $56,266,000 after buying an additional 1,038,321 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Koninklijke Philips during the fourth quarter worth approximately $10,655,000. 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Koninklijke Philips during the 3rd quarter worth about $4,622,000. Finally, Jane Street Group LLC increased its stake in Koninklijke Philips by 787.9% in the third quarter. Jane Street Group LLC now owns 128,686 shares of the technology company's stock valued at $4,211,000 after purchasing an additional 114,193 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Stock Up 0.4 %

Shares of NYSE PHG traded up $0.09 during mid-day trading on Wednesday, reaching $23.92. 341,042 shares of the company traded hands, compared to its average volume of 893,422. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The company's fifty day moving average is $25.72 and its two-hundred day moving average is $26.86. The stock has a market cap of $22.48 billion, a PE ratio of -28.48, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a fifty-two week low of $19.25 and a fifty-two week high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued 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). 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, analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid a $0.886 dividend. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips's dividend payout ratio (DPR) is presently -89.29%.

Analyst Ratings Changes

Several brokerages have issued reports on PHG. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock 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.