SWS Partners bought a new position in Koninklijke Philips NV (NYSE:PHG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 40,419 shares of the technology company’s stock, valued at approximately $1,528,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in Koninklijke Philips by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 33,525 shares of the technology company’s stock valued at $1,381,000 after purchasing an additional 1,665 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Koninklijke Philips in the third quarter valued at about $238,000. Quantbot Technologies LP purchased a new position in Koninklijke Philips in the third quarter valued at about $676,000. SG Americas Securities LLC raised its position in Koninklijke Philips by 202.2% in the third quarter. SG Americas Securities LLC now owns 84,412 shares of the technology company’s stock valued at $3,478,000 after purchasing an additional 56,484 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Koninklijke Philips by 263.4% in the third quarter. Ameriprise Financial Inc. now owns 1,492,082 shares of the technology company’s stock valued at $62,344,000 after purchasing an additional 1,081,468 shares during the period. 6.77% of the stock is currently owned by institutional investors and hedge funds.
PHG has been the topic of several research reports. Zacks Investment Research lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. ValuEngine lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Berenberg Bank raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.50.
Shares of Koninklijke Philips NV (NYSE PHG) traded down $0.11 during midday trading on Tuesday, hitting $39.80. The stock had a trading volume of 149,218 shares, compared to its average volume of 1,589,282. Koninklijke Philips NV has a twelve month low of $31.33 and a twelve month high of $42.35. The stock has a market capitalization of $37,242.14, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 1.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.47.
Koninklijke Philips (NYSE:PHG) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.42 billion. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 earnings per share. research analysts expect that Koninklijke Philips NV will post 2.32 EPS for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Investors of record on Tuesday, May 8th will be paid a $0.9917 dividend. This represents a yield of 2.43%. This is an increase from Koninklijke Philips’s previous annual dividend of $0.86. The ex-dividend date is Monday, May 7th. Koninklijke Philips’s dividend payout ratio (DPR) is 35.96%.
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Koninklijke Philips Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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