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

OLD Mission Capital LLC lowered its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Koninklijke Philips in the 3rd quarter valued at approximately $54,000. Farther Finance Advisors LLC raised its position in Koninklijke Philips by 37.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after buying an additional 582 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter worth $55,000. Millstone Evans Group LLC acquired a new position in shares of Koninklijke Philips during the fourth quarter worth about $60,000. Finally, Allworth Financial LP lifted its position in Koninklijke Philips by 24.9% in the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock valued at $105,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Price Performance

PHG stock traded down $1.78 during midday trading on Friday, hitting $22.08. 2,178,379 shares of the stock were exchanged, compared to its average volume of 877,546. The stock's 50-day moving average price is $26.51 and its 200-day moving average price is $27.34. 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 stock has a market cap of $20.76 billion, a price-to-earnings ratio of -26.29, a PEG 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 released its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. Research analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on PHG shares. Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Two equities research 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 company. According to MarketBeat, the company 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.