US Bancorp DE cut its position in shares of Koninklijke Philips NV (NYSE:PHG) by 34.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,297 shares of the technology company’s stock after selling 27,085 shares during the period. US Bancorp DE’s holdings in Koninklijke Philips were worth $1,978,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of PHG. Ameriprise Financial Inc. grew its holdings in Koninklijke Philips by 263.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,492,082 shares of the technology company’s stock worth $62,344,000 after acquiring an additional 1,081,468 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Koninklijke Philips by 2.7% in the 3rd quarter. Wells Fargo & Company MN now owns 1,352,620 shares of the technology company’s stock valued at $55,729,000 after buying an additional 35,793 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Koninklijke Philips by 8.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,210,017 shares of the technology company’s stock valued at $49,853,000 after buying an additional 91,559 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Koninklijke Philips by 0.3% in the 2nd quarter. Northern Trust Corp now owns 784,039 shares of the technology company’s stock valued at $28,085,000 after buying an additional 2,547 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC boosted its holdings in shares of Koninklijke Philips by 1.2% in the 4th quarter. Hardman Johnston Global Advisors LLC now owns 664,397 shares of the technology company’s stock valued at $25,114,000 after buying an additional 7,740 shares in the last quarter. 6.51% of the stock is currently owned by institutional investors.
A number of equities analysts have commented on PHG shares. JPMorgan Chase & Co. downgraded shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Koninklijke Philips from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Berenberg Bank raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $40.50.
Shares of Koninklijke Philips NV (NYSE:PHG) traded up $0.27 during mid-day trading on Friday, hitting $39.03. 1,243,324 shares of the stock traded hands, compared to its average volume of 1,948,696. Koninklijke Philips NV has a 1-year low of $29.31 and a 1-year high of $42.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.47. The stock has a market cap of $36,312.73, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.03 and a beta of 1.30.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.42 billion. Koninklijke Philips had a net margin of 8.68% and a return on equity of 6.93%. The business’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. equities analysts expect that Koninklijke Philips NV will post 2.12 earnings per share for the current year.
The business also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 8th will be given a dividend of $0.9917 per share. The ex-dividend date is Monday, May 7th. This represents a dividend yield of 2.43%. This is an increase from Koninklijke Philips’s previous annual dividend of $0.86. Koninklijke Philips’s dividend payout ratio (DPR) is presently 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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