Fmr LLC Lowers Stake in Koninklijke Philips (NYSE:PHG)

FMR LLC decreased its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,103,125 shares of the technology company's stock after selling 35,583 shares during the quarter. FMR LLC owned 0.65% of Koninklijke Philips worth $154,531,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PHG. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Koninklijke Philips by 87.7% during the 4th 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. Brandes Investment Partners LP increased its holdings in Koninklijke Philips by 4.9% in the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock worth $23,260,000 after acquiring an additional 43,157 shares in the last quarter. Natixis Advisors LLC raised its position in 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 acquiring an additional 26,227 shares during the period. Raymond James Financial Inc. purchased a new position in Koninklijke Philips during the fourth quarter valued at $10,655,000. Finally, Sei Investments Co. grew its position in shares of Koninklijke Philips by 5.2% in the fourth quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock valued at $7,816,000 after purchasing an additional 15,395 shares during the period. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock traded down $0.10 on Friday, hitting $23.62. 642,130 shares of the company were exchanged, compared to its average volume of 894,792. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $25.57 and a 200 day moving average price of $26.77. The stock has a market capitalization 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. Koninklijke Philips has a 1-year low of $19.27 and a 1-year high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings data 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). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. As a group, sell-side analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be given a dividend of $0.886 per share. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips's payout ratio is currently -89.29%.

Wall Street Analysts Forecast Growth

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