Sei Investments Co. Purchases 15,395 Shares of Koninklijke Philips (NYSE:PHG)

Sei Investments Co. increased its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 308,673 shares of the technology company's stock after acquiring an additional 15,395 shares during the period. Sei Investments Co.'s holdings in Koninklijke Philips were worth $7,816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PHG. American Century Companies Inc. raised its holdings in Koninklijke Philips by 23.4% in the 4th quarter. American Century Companies Inc. now owns 295,158 shares of the technology company's stock valued at $7,473,000 after acquiring an additional 55,911 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Koninklijke Philips by 237.6% in the fourth quarter. Quantbot Technologies LP now owns 58,202 shares of the technology company's stock valued at $1,474,000 after purchasing an additional 40,962 shares during the period. Millstone Evans Group LLC acquired a new stake in shares of Koninklijke Philips in the fourth quarter valued at $60,000. Natixis Advisors LLC boosted its stake in shares of Koninklijke Philips by 3.7% in the 4th quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock valued at $18,769,000 after buying an additional 26,227 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in Koninklijke Philips by 4.9% during the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock worth $23,260,000 after acquiring an additional 43,157 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

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Koninklijke Philips Stock Down 4.0 %

NYSE PHG traded down $1.01 during trading hours on Thursday, hitting $23.84. The company had a trading volume of 1,964,513 shares, compared to its average volume of 874,245. 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 $22.40 billion, a price-to-earnings ratio of -28.37, a P/E/G ratio of 0.82 and a beta of 0.78. The firm's 50 day moving average is $26.61 and its 200 day moving average is $27.43.

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). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. Sell-side analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 6th. Shareholders 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 dividend payout ratio (DPR) is -89.29%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. BNP Paribas upgraded shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein raised shares of 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Koninklijke Philips currently has a consensus rating of "Moderate Buy".

About Koninklijke Philips

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.