Fox Run Management L.L.C. Acquires 11,872 Shares of Koninklijke Philips (NYSE:PHG)

Fox Run Management L.L.C. grew its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 190.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,109 shares of the technology company's stock after buying an additional 11,872 shares during the period. Fox Run Management L.L.C.'s holdings in Koninklijke Philips were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 worth $56,266,000 after purchasing an additional 1,038,321 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Koninklijke Philips by 2,883.5% during the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company's stock valued at $32,157,000 after buying an additional 949,278 shares during the period. IHT Wealth Management LLC purchased a new position in shares of Koninklijke Philips during the 3rd quarter valued at $19,593,000. Raymond James Financial Inc. purchased a new position in shares of Koninklijke Philips during the 4th quarter valued at $10,655,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Koninklijke Philips by 315.0% in the third quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company's stock worth $8,040,000 after acquiring an additional 186,520 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

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Koninklijke Philips Stock Performance

NYSE:PHG traded down $0.05 during midday trading on Friday, reaching $25.65. The stock had a trading volume of 815,228 shares, compared to its average volume of 871,579. The stock has a market capitalization of $24.10 billion, a P/E ratio of -30.53, a PEG 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. Koninklijke Philips has a 1-year low of $19.10 and a 1-year high of $32.91. The firm's fifty day simple moving average is $26.73 and its 200-day simple moving average is $27.57.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate 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, equities research analysts forecast that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business 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 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%.

Analysts Set New Price Targets

Several brokerages recently commented on PHG. BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Finally, Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Koninklijke Philips Company 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.