Fox Run Management L.L.C. Acquires New Stake in Koninklijke Philips N.V. $PHG

Fox Run Management L.L.C. bought a new position in shares of Koninklijke Philips N.V. (NYSE:PHG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,109 shares of the technology company’s stock, valued at approximately $875,000.

A number of other institutional investors have also recently made changes to their positions in PHG. Rhumbline Advisers raised its position in shares of Koninklijke Philips by 1.3% during the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock worth $703,000 after acquiring an additional 388 shares during the last quarter. Kitching Partners LLC increased its position in Koninklijke Philips by 4.2% during the 2nd quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock valued at $270,000 after purchasing an additional 457 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Koninklijke Philips by 4.4% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after purchasing an additional 478 shares during the last quarter. Cetera Trust Company N.A lifted its position in shares of Koninklijke Philips by 4.9% in the 2nd quarter. Cetera Trust Company N.A now owns 12,173 shares of the technology company’s stock worth $292,000 after purchasing an additional 564 shares during the period. Finally, CWM LLC boosted its stake in shares of Koninklijke Philips by 20.0% in the 3rd quarter. CWM LLC now owns 3,779 shares of the technology company’s stock valued at $103,000 after purchasing an additional 629 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Royal Bank Of Canada initiated coverage on Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $32.07 on Friday. The stock’s 50 day moving average is $29.38 and its 200-day moving average is $28.29. Koninklijke Philips N.V. has a twelve month low of $21.48 and a twelve month high of $33.44. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $30.88 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 6.59 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.20. Koninklijke Philips had a net margin of 5.09% and a return on equity of 13.68%. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.03 billion. Sell-side analysts forecast that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a $1.013 dividend. This represents a yield of 318.0%. The ex-dividend date of this dividend is Wednesday, May 13th. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s payout ratio is 77.36%.

Koninklijke Philips 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.