Koninklijke Philips (NYSE:PHG) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Koninklijke Philips (NYSE:PHG - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of equities research analysts have commented on the company. 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, StockNews.com cut Koninklijke Philips from a "buy" rating to a "hold" rating in a report on Friday.

Institutional Investors Weigh In On Koninklijke Philips

A number of hedge funds and other institutional investors have recently modified their holdings of PHG. Sequoia Financial Advisors LLC boosted its position in Koninklijke Philips by 4.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company's stock worth $226,000 after acquiring an additional 384 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Koninklijke Philips by 3.9% during 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 grew its position in shares of Koninklijke Philips by 1.1% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company's stock valued at $1,300,000 after purchasing an additional 562 shares during the period. Farther Finance Advisors LLC increased its stake in Koninklijke Philips by 37.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock valued at $54,000 after purchasing an additional 582 shares during the last quarter. Finally, First Affirmative Financial Network lifted its position in Koninklijke Philips by 5.9% during the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company's stock worth $277,000 after buying an additional 611 shares during the period. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Performance

NYSE:PHG traded up $0.35 during midday trading on Monday, reaching $26.38. The stock had a trading volume of 629,879 shares, compared to its average volume of 875,758. The stock has a market cap of $24.80 billion, a P/E ratio of -31.40, a P/E/G ratio of 0.82 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. Koninklijke Philips has a 12-month low of $19.10 and a 12-month high of $32.91. The firm has a fifty day simple moving average of $26.37 and a two-hundred day simple moving average of $28.05.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced 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). The business had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, equities analysts expect that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips's dividend payout ratio (DPR) is -89.29%.

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.