LPL Financial LLC Boosts Holdings in Koninklijke Philips (NYSE:PHG)

LPL Financial LLC raised its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,911 shares of the technology company's stock after acquiring an additional 10,766 shares during the quarter. LPL Financial LLC's holdings in Koninklijke Philips were worth $2,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. boosted its stake in Koninklijke Philips by 190.3% during the 4th quarter. Fox Run Management L.L.C. now owns 18,109 shares of the technology company's stock worth $459,000 after purchasing an additional 11,872 shares during the last quarter. Sei Investments Co. raised its holdings in Koninklijke Philips by 5.2% in the 4th quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock valued at $7,816,000 after acquiring an additional 15,395 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Koninklijke Philips by 23.4% during the fourth quarter. American Century Companies Inc. now owns 295,158 shares of the technology company's stock worth $7,473,000 after purchasing an additional 55,911 shares in 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. Finally, Millstone Evans Group LLC acquired a new position in shares of Koninklijke Philips in the fourth quarter valued at approximately $60,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PHG. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. BNP Paribas upgraded shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. StockNews.com raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Finally, UBS Group raised Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Koninklijke Philips presently has a consensus rating of "Moderate Buy".

Koninklijke Philips Stock Performance

Shares of PHG stock traded down $0.10 during midday trading on Friday, hitting $23.62. The company had a trading volume of 642,130 shares, compared to its average volume of 896,281. Koninklijke Philips has a 52-week low of $19.29 and a 52-week 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. The company's 50 day simple moving average is $25.48 and its 200 day simple moving average is $26.71. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of -28.11, a PEG ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its earnings results 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). The firm 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%. Research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips's dividend payout ratio is currently -89.29%.

Koninklijke Philips 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.