Russell Investments Group Ltd. lessened its position in Koninklijke Philips (NYSE:PHG - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 451,218 shares of the technology company's stock after selling 148,030 shares during the period. Russell Investments Group Ltd.'s holdings in Koninklijke Philips were worth $11,425,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Koninklijke Philips by 87.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock valued at $56,266,000 after purchasing an additional 1,038,321 shares during the period. Brandes Investment Partners LP grew its holdings in Koninklijke Philips by 4.9% in the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock worth $23,260,000 after buying an additional 43,157 shares in the last quarter. Natixis Advisors LLC increased its position in Koninklijke Philips by 3.7% in the 4th quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock valued at $18,769,000 after acquiring an additional 26,227 shares during the period. Raymond James Financial Inc. acquired a new position in Koninklijke Philips during the 4th quarter worth $10,655,000. Finally, Sei Investments Co. grew its stake in shares of Koninklijke Philips by 5.2% in the fourth quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock worth $7,816,000 after purchasing an additional 15,395 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors.
Koninklijke Philips Stock Up 0.3 %
Shares of PHG stock traded up $0.07 during trading on Tuesday, hitting $23.86. 541,888 shares of the company were exchanged, compared to its average volume of 895,997. The firm has a market capitalization of $22.43 billion, a price-to-earnings ratio of -28.40, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The business's 50-day simple moving average is $25.79 and its 200 day simple moving average is $26.88. Koninklijke Philips has a twelve month low of $19.25 and a twelve month high of $32.91.
Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS 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 for the quarter, compared to analysts' expectations of $5.10 billion. As a group, analysts forecast that Koninklijke Philips will post 1.63 EPS for the current fiscal year.
Koninklijke Philips Cuts Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be given a dividend of $0.886 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips's payout ratio is presently -89.29%.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in 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 report on Tuesday, February 25th. StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Finally, UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on PHG
Koninklijke Philips Profile
(
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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