1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC boosted its position in shares of Koninklijke Philips ( NYSE:PHG – Free Report ) by 38.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,497 shares of the technology company’s stock after acquiring an additional 3,731 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Koninklijke Philips were worth $342,000 as of its most recent SEC filing. Other hedge funds have also recently made changes to their positions in the company. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of Koninklijke Philips in the fourth quarter worth approximately $2,532,000.
LPL Financial LLC boosted its holdings in Koninklijke Philips by 12.1% in the fourth quarter. LPL Financial LLC now owns 99,911 shares of the technology company’s stock valued at $2,530,000 after acquiring an additional 10,766 shares in the last quarter.
Fox Run Management L.L.C.
boosted its position in Koninklijke Philips by 190.3% during the 4th quarter. Fox Run Management L.
L.C. now owns 18,109 shares of the technology company’s stock valued at $459,000 after acquiring an additional 11,872 shares in the last quarter.
Sei Investments Co. grew its holdings in Koninklijke Philips by 5.2% in the fourth quarter.
Sei Investments Co. now owns 308,673 shares of the technology company’s stock worth $7,816,000 after purchasing an additional 15,395 shares during the period. Finally, American Century Companies Inc.
increased its stake in Koninklijke Philips by 23.4% during the 4th quarter. American Century Companies Inc.
now owns 295,158 shares of the technology company’s stock valued at $7,473,000 after purchasing an additional 55,911 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Several research firms have recently weighed in on PHG. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th.
Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, StockNews.
com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.
com, Koninklijke Philips currently has an average rating of “Moderate Buy”. Koninklijke Philips Price Performance Shares of Koninklijke Philips stock opened at $21.68 on Wednesday.
The firm has a market cap of $20.37 billion, a PE ratio of -25.80, a PEG ratio of 0.
82 and a beta of 0.81. The stock has a 50 day moving average of $26.
18 and a 200 day moving average of $27.15. The company has a current ratio of 1.
23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.
Koninklijke Philips has a 12 month low of $19.25 and a 12 month high of $32.91.
Koninklijke Philips ( NYSE:PHG – Get Free Report ) last posted its earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.
55 by ($0.01). Koninklijke Philips had a negative net margin of 3.
88% and a positive return on equity of 10.85%. The firm had revenue of $5.
38 billion for the quarter, compared to the consensus estimate of $5.10 billion. On average, research analysts expect that Koninklijke Philips will post 1.
63 EPS for the current fiscal year. Koninklijke Philips Cuts Dividend The firm also recently announced an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.
886 per share. This represents a dividend yield of 2.9%.
The ex-dividend date is Tuesday, May 13th. Koninklijke Philips’s dividend payout ratio is -89.29%.
About Koninklijke Philips ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Koninklijke Philips ( NYSE:PHG – Free Report ). Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter .
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