Quantbot Technologies LP raised its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 237.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,202 shares of the technology company's stock after acquiring an additional 40,962 shares during the period. Quantbot Technologies LP's holdings in Koninklijke Philips were worth $1,474,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Koninklijke Philips by 4.8% in the third quarter. PNC Financial Services Group Inc. now owns 36,291 shares of the technology company's stock worth $1,187,000 after purchasing an additional 1,676 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Koninklijke Philips by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company's stock worth $1,809,000 after buying an additional 11,538 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Koninklijke Philips by 16.8% during the third quarter. Cerity Partners LLC now owns 60,112 shares of the technology company's stock valued at $1,967,000 after acquiring an additional 8,625 shares in the last quarter. Pitcairn Co. purchased a new position in Koninklijke Philips in the third quarter worth about $256,000. Finally, Pekin Hardy Strauss Inc. bought a new position in Koninklijke Philips in the 3rd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 13.67% of the company's stock.
Koninklijke Philips Stock Performance
Shares of NYSE:PHG traded down $0.05 during trading on Friday, hitting $25.65. The stock had a trading volume of 815,228 shares, compared to its average volume of 871,579. The stock has a 50-day simple moving average of $26.73 and a two-hundred day simple moving average of $27.61. The stock has a market capitalization of $24.10 billion, a price-to-earnings ratio of -30.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a 12-month low of $19.10 and a 12-month high of $32.91. 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 (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.
Koninklijke Philips Cuts Dividend
The business 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 dividend of $0.886 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips's dividend payout ratio is presently -89.29%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Finally, Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Get Our Latest Stock Report 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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