Koninklijke Philips N.V. $PHG Shares Sold by Inlet Private Wealth LLC

Inlet Private Wealth LLC lowered its stake in Koninklijke Philips N.V. (NYSE:PHG) by 20.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,530 shares of the technology company’s stock after selling 46,154 shares during the quarter. Koninklijke Philips comprises about 1.1% of Inlet Private Wealth LLC’s portfolio, making the stock its 24th biggest holding. Inlet Private Wealth LLC’s holdings in Koninklijke Philips were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PHG. Royal Bank of Canada lifted its holdings in Koninklijke Philips by 1.3% in the first quarter. Royal Bank of Canada now owns 269,829 shares of the technology company’s stock worth $6,854,000 after purchasing an additional 3,540 shares during the period. AQR Capital Management LLC lifted its holdings in Koninklijke Philips by 60.8% in the first quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company’s stock worth $432,000 after purchasing an additional 6,429 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Koninklijke Philips by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company’s stock worth $21,495,000 after purchasing an additional 12,908 shares during the period. Jane Street Group LLC lifted its holdings in Koninklijke Philips by 125.8% in the first quarter. Jane Street Group LLC now owns 104,024 shares of the technology company’s stock worth $2,642,000 after purchasing an additional 57,952 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Koninklijke Philips by 58.0% in the second quarter. JPMorgan Chase & Co. now owns 87,616 shares of the technology company’s stock worth $2,101,000 after purchasing an additional 32,180 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $27.22 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $29.25 and its two-hundred day moving average price is $28.39. Koninklijke Philips N.V. has a 52 week low of $21.48 and a 52 week high of $33.44. The stock has a market cap of $26.21 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 7.04 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.50 by $0.20. Koninklijke Philips had a net margin of 5.09% and a return on equity of 13.68%. The firm had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.03 billion. As a group, sell-side analysts anticipate that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be issued a dividend of $1.013 per share. This represents a yield of 318.0%. The ex-dividend date is Wednesday, May 13th. This is a boost from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s dividend payout ratio is presently 81.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PHG shares. Royal Bank Of Canada began coverage on shares of Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Weiss Ratings cut shares of Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Wall Street Zen cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.