Paradigm Asset Management Co. LLC Has $59,000 Holdings in Koninklijke Philips (NYSE:PHG)

Paradigm Asset Management Co. LLC cut its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 94.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,343 shares of the technology company's stock after selling 36,875 shares during the quarter. Paradigm Asset Management Co. LLC's holdings in Koninklijke Philips were worth $59,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Koninklijke Philips by 0.6% during the third quarter. FMR LLC now owns 6,138,708 shares of the technology company's stock valued at $200,859,000 after purchasing an additional 35,935 shares in the last quarter. Bank of Montreal Can raised its holdings in Koninklijke Philips by 2,883.5% in the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company's stock valued at $32,157,000 after buying an additional 949,278 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in Koninklijke Philips during the 3rd quarter worth approximately $19,593,000. Bar Harbor Wealth Management grew its holdings in Koninklijke Philips by 2.1% during the 4th quarter. Bar Harbor Wealth Management now owns 308,157 shares of the technology company's stock worth $7,803,000 after acquiring an additional 6,281 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Koninklijke Philips by 315.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company's stock valued at $8,040,000 after acquiring an additional 186,520 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Jefferies Financial Group upgraded Koninklijke Philips from an "underperform" rating to a "hold" rating in a research report on Tuesday, October 29th. BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday. Finally, UBS Group raised Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Koninklijke Philips Trading Up 0.5 %

PHG stock traded up $0.13 during midday trading on Wednesday, hitting $26.86. The stock had a trading volume of 1,303,650 shares, compared to its average volume of 773,987. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The firm has a market cap of $25.24 billion, a P/E ratio of -31.97, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. The business has a fifty day moving average price of $26.29 and a two-hundred day moving average price of $28.10. Koninklijke Philips has a 1-year low of $19.75 and a 1-year high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share 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 during the quarter, compared to the consensus estimate of $5.10 billion. On average, sell-side analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio (DPR) is -108.33%.

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.