Mondrian Investment Partners LTD trimmed its position in Koninklijke Philips (NYSE:PHG - Free Report) by 9.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,135,066 shares of the technology company's stock after selling 759,341 shares during the quarter. Koninklijke Philips comprises 3.4% of Mondrian Investment Partners LTD's investment portfolio, making the stock its 5th biggest position. Mondrian Investment Partners LTD owned 0.76% of Koninklijke Philips worth $196,785,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in Koninklijke Philips by 0.6% in the third quarter. FMR LLC now owns 6,138,708 shares of the technology company's stock valued at $200,859,000 after buying an additional 35,935 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Koninklijke Philips in the 3rd quarter worth approximately $4,622,000. Stifel Financial Corp boosted its position in shares of Koninklijke Philips by 16.4% during the 3rd quarter. Stifel Financial Corp now owns 195,222 shares of the technology company's stock worth $6,388,000 after purchasing an additional 27,536 shares during the period. Finally, Callan Family Office LLC acquired a new stake in Koninklijke Philips in the 4th quarter valued at approximately $460,000. Hedge funds and other institutional investors own 13.67% of the company's stock.
Koninklijke Philips Stock Down 2.0 %
Shares of NYSE PHG traded down $0.55 during mid-day trading on Tuesday, hitting $26.30. The company had a trading volume of 594,543 shares, compared to its average volume of 872,576. The company has a market capitalization of $24.72 billion, a PE ratio of -31.30, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. The business's 50-day simple moving average is $26.68 and its 200 day simple moving average is $27.82. Koninklijke Philips has a 1-year low of $19.10 and a 1-year high of $32.91. 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 (NYSE:PHG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (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 during the quarter, compared to analyst estimates of $5.10 billion. On average, analysts predict 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. Stockholders 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 payout ratio is currently -89.29%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a research note on Thursday, February 20th. StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Finally, BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Analysis on PHG
About Koninklijke Philips
(
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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