Natixis Advisors LLC grew its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 741,277 shares of the technology company's stock after acquiring an additional 26,227 shares during the quarter. Natixis Advisors LLC owned 0.08% of Koninklijke Philips worth $18,769,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in Koninklijke Philips by 4.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 36,291 shares of the technology company's stock valued at $1,187,000 after purchasing an additional 1,676 shares during the period. West Family Investments Inc. acquired a new stake in shares of Koninklijke Philips in the third quarter valued at approximately $252,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Koninklijke Philips by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company's stock valued at $1,809,000 after buying an additional 11,538 shares during the period. Cerity Partners LLC grew its position in Koninklijke Philips by 16.8% during the third quarter. Cerity Partners LLC now owns 60,112 shares of the technology company's stock worth $1,967,000 after buying an additional 8,625 shares in the last quarter. Finally, Pitcairn Co. bought a new position in Koninklijke Philips during the 3rd quarter worth $256,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on PHG. 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 report on Tuesday, February 25th. Sanford C. Bernstein raised shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on PHG
Koninklijke Philips Price Performance
Shares of Koninklijke Philips stock traded down $0.35 during trading on Friday, reaching $25.53. 720,804 shares of the company's stock were exchanged, compared to its average volume of 870,266. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. Koninklijke Philips has a 1-year low of $19.10 and a 1-year high of $32.91. The company has a market cap of $24.00 billion, a P/E ratio of -30.39, a PEG ratio of 0.82 and a beta of 0.78. The firm's 50-day moving average price is $26.73 and its 200 day moving average price is $27.74.
Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. As a group, research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current year.
Koninklijke Philips Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be given 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 is currently -89.29%.
Koninklijke Philips Profile
(
Free Report)
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.
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