One Capital Management LLC Decreases Stake in Koninklijke Philips (NYSE:PHG)

One Capital Management LLC lowered its stake in Koninklijke Philips (NYSE:PHG - Free Report) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,137 shares of the technology company's stock after selling 10,232 shares during the period. One Capital Management LLC's holdings in Koninklijke Philips were worth $6,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC raised its position in shares of Koninklijke Philips by 1.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company's stock worth $1,300,000 after acquiring an additional 562 shares in the last quarter. First Affirmative Financial Network raised its position in shares of Koninklijke Philips by 5.9% during the 4th quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company's stock worth $277,000 after acquiring an additional 611 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Koninklijke Philips by 6.3% during the 4th quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company's stock worth $278,000 after acquiring an additional 648 shares in the last quarter. Atria Investments Inc raised its position in shares of Koninklijke Philips by 4.1% during the 4th quarter. Atria Investments Inc now owns 19,009 shares of the technology company's stock worth $481,000 after acquiring an additional 741 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in shares of Koninklijke Philips by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 59,213 shares of the technology company's stock worth $1,660,000 after acquiring an additional 778 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

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Analysts Set New Price Targets

PHG has been the topic of several research analyst reports. UBS Group raised Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. Finally, StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Koninklijke Philips has a consensus rating of "Moderate Buy".

Koninklijke Philips Stock Performance

NYSE:PHG traded up $0.51 during mid-day trading on Friday, reaching $27.58. 860,493 shares of the stock were exchanged, compared to its average volume of 877,302. The company has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $27.97. The stock has a market capitalization of $25.93 billion, a P/E ratio of -32.84, a P/E/G ratio of 0.82 and a beta of 0.78. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. Koninklijke Philips has a 1 year low of $19.10 and a 1 year high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced 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). 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 analysts' expectations of $5.10 billion. 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 announced an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid 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 (DPR) is currently -89.29%.

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.