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

Skba Capital Management LLC trimmed its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 483,205 shares of the technology company's stock after selling 38,760 shares during the quarter. 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 0.05% of Koninklijke Philips worth $12,235,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $54,000. Farther Finance Advisors LLC lifted its position in shares of Koninklijke Philips by 37.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock valued at $54,000 after acquiring an additional 582 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Koninklijke Philips in the fourth quarter valued at $55,000. Millstone Evans Group LLC purchased a new stake in Koninklijke Philips during the 4th quarter worth about $60,000. Finally, Allworth Financial LP raised its stake in Koninklijke Philips by 24.9% in the 4th quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock valued at $105,000 after purchasing an additional 797 shares during the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Trading Down 3.7 %

NYSE:PHG traded down $0.92 during trading hours on Thursday, reaching $23.92. 1,304,147 shares of the company were exchanged, compared to its average volume of 872,035. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of -28.48, a PEG ratio of 0.82 and a beta of 0.78. The stock has a 50 day simple moving average of $26.67 and a 200 day simple moving average of $27.45. Koninklijke Philips has a 52-week low of $19.25 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.

Remove Ads

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly 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 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%. As a group, analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be given a $0.886 dividend. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio (DPR) is presently -89.29%.

Analyst Ratings Changes

A number of brokerages have recently commented on PHG. UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 18th. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Finally, BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Koninklijke Philips Company 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.