Skba Capital Management LLC Has $12.24 Million Stock Holdings in Koninklijke Philips (NYSE:PHG)

Skba Capital Management LLC trimmed its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 483,205 shares of the technology company's stock after selling 38,760 shares during the period. Koninklijke Philips makes up 1.9% of Skba Capital Management LLC's portfolio, making the stock its 18th biggest holding. Skba Capital Management LLC owned approximately 0.05% of Koninklijke Philips worth $12,235,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Koninklijke Philips in the third quarter valued at approximately $54,000. Farther Finance Advisors LLC grew its position in Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after purchasing an additional 582 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Koninklijke Philips during the fourth quarter valued at about $55,000. Millstone Evans Group LLC bought a new position in Koninklijke Philips during the fourth quarter valued at about $60,000. Finally, Allworth Financial LP lifted its position in shares of Koninklijke Philips by 24.9% in the 4th quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock worth $105,000 after acquiring an additional 797 shares during the period. Institutional investors and hedge funds own 13.67% of the company's stock.

Analyst Upgrades and Downgrades

PHG has been the subject of several research reports. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report 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. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Koninklijke Philips has an average rating of "Moderate Buy".

Koninklijke Philips Price Performance

Shares of NYSE PHG traded down $1.78 during midday trading on Friday, reaching $22.08. 2,178,379 shares of the company traded hands, compared to its average volume of 878,121. Koninklijke Philips has a 12 month low of $19.25 and a 12 month high of $32.91. 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 stock's 50-day simple moving average is $26.51 and its 200-day simple moving average is $27.36. The firm has a market cap of $20.76 billion, a PE ratio of -26.29, a PEG ratio of 0.82 and a beta of 0.78.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. As a group, equities analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid a $0.886 dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 13th. 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.