Thoroughbred Financial Services LLC Has $498,000 Stake in Koninklijke Philips (NYSE:PHG)

Thoroughbred Financial Services LLC lowered its position in shares of Koninklijke Philips (NYSE:PHG) by 27.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,378 shares of the technology company’s stock after selling 7,920 shares during the period. Thoroughbred Financial Services LLC’s holdings in Koninklijke Philips were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its position in Koninklijke Philips by 1.7% during the 3rd quarter. FMR LLC now owns 9,516,906 shares of the technology company’s stock worth $189,767,000 after buying an additional 155,055 shares during the period. Dimensional Fund Advisors LP increased its position in Koninklijke Philips by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock worth $69,428,000 after acquiring an additional 296,716 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in Koninklijke Philips in the 3rd quarter worth about $36,544,000. Envestnet Asset Management Inc. boosted its holdings in Koninklijke Philips by 29.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company’s stock valued at $28,872,000 after purchasing an additional 328,922 shares during the period. Finally, Becker Capital Management Inc. grew its position in shares of Koninklijke Philips by 5.0% during the 3rd quarter. Becker Capital Management Inc. now owns 1,425,923 shares of the technology company’s stock worth $28,433,000 after purchasing an additional 67,315 shares in the last quarter. 13.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on PHG. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. BNP Paribas raised Koninklijke Philips from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 7th. JPMorgan Chase & Co. raised Koninklijke Philips from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 30th. Sanford C. Bernstein raised Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research note on Monday, May 13th. Finally, UBS Group raised shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Koninklijke Philips Trading Down 0.3 %

Shares of PHG stock opened at $27.30 on Wednesday. Koninklijke Philips has a fifty-two week low of $17.75 and a fifty-two week high of $29.44. The stock’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $21.90. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.28 earnings per share for the quarter. The business had revenue of $4.49 billion for the quarter. Koninklijke Philips had a positive return on equity of 9.82% and a negative net margin of 4.41%. On average, equities analysts forecast that Koninklijke Philips will post 1.54 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, May 9th. Investors of record on Friday, May 10th were issued a dividend of $0.9154 per share. This represents a dividend yield of 3.5%. The ex-dividend date was Thursday, May 9th. Koninklijke Philips’s dividend payout ratio (DPR) is presently -95.83%.

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.