OLD Mission Capital LLC Reduces Position in Koninklijke Philips (NYSE:PHG)

OLD Mission Capital LLC cut its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 62.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,797 shares of the technology company's stock after selling 164,105 shares during the quarter. OLD Mission Capital LLC's holdings in Koninklijke Philips were worth $2,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its stake in shares of Koninklijke Philips by 6.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,533 shares of the technology company's stock valued at $748,000 after acquiring an additional 1,671 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Koninklijke Philips by 107.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,624 shares of the technology company's stock worth $3,282,000 after purchasing an additional 67,289 shares during the last quarter. Intrust Bank NA increased its position in Koninklijke Philips by 41.0% during the fourth quarter. Intrust Bank NA now owns 16,454 shares of the technology company's stock worth $417,000 after purchasing an additional 4,781 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in Koninklijke Philips by 38.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 13,497 shares of the technology company's stock worth $342,000 after purchasing an additional 3,731 shares during the period. Finally, Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of Koninklijke Philips in the 4th quarter valued at $2,532,000. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PHG. 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 research note on Tuesday, February 25th. UBS Group upgraded 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Koninklijke Philips Stock Down 7.4 %

NYSE PHG traded down $1.78 during trading hours on Friday, hitting $22.08. The company had a trading volume of 2,178,379 shares, compared to its average volume of 879,420. The firm's 50 day moving average is $26.61 and its 200 day moving average is $27.43. 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 fifty-two week low of $19.25 and a fifty-two week high of $32.91. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of -26.29, a P/E/G ratio of 0.82 and a beta of 0.78.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. Sell-side analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

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

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.