HighTower Advisors LLC Cuts Stock Holdings in Koninklijke Philips (NYSE:PHG)

HighTower Advisors LLC trimmed its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,122 shares of the technology company's stock after selling 10,068 shares during the quarter. HighTower Advisors LLC's holdings in Koninklijke Philips were worth $1,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHG. Dorsey & Whitney Trust CO LLC grew its stake in shares of Koninklijke Philips by 3.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company's stock worth $289,000 after purchasing an additional 427 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Koninklijke Philips by 1.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company's stock worth $1,300,000 after buying an additional 562 shares during the period. First Affirmative Financial Network grew its position in shares of Koninklijke Philips by 5.9% in the 4th quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company's stock valued at $277,000 after buying an additional 611 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Koninklijke Philips by 6.3% in the fourth quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company's stock valued at $278,000 after buying an additional 648 shares during the period. Finally, Pzena Investment Management LLC raised its position in shares of Koninklijke Philips by 5.1% during the fourth quarter. Pzena Investment Management LLC now owns 13,683 shares of the technology company's stock worth $346,000 after acquiring an additional 670 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

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Koninklijke Philips Trading Down 0.2 %

Shares of NYSE:PHG traded down $0.05 during mid-day trading on Friday, hitting $25.65. The company had a trading volume of 815,228 shares, compared to its average volume of 871,579. The company has a market capitalization of $24.10 billion, a PE ratio of -30.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a one year low of $19.10 and a one year high of $32.91. The firm has a fifty day moving average price of $26.73 and a 200 day moving average price of $27.57. 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 (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion for 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%. As a group, research analysts forecast that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PHG shares. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. UBS Group upgraded 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, BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Koninklijke Philips presently 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.