Commonwealth Equity Services LLC Purchases 11,393 Shares of Koninklijke Philips (NYSE:PHG)

Commonwealth Equity Services LLC increased its position in Koninklijke Philips (NYSE:PHG – Get Rating) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,855 shares of the technology company’s stock after purchasing an additional 11,393 shares during the period. Commonwealth Equity Services LLC’s holdings in Koninklijke Philips were worth $837,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Credit Suisse AG bought a new stake in Koninklijke Philips in the second quarter worth $65,000. Sittner & Nelson LLC lifted its position in Koninklijke Philips by 23.1% in the fourth quarter. Sittner & Nelson LLC now owns 3,992 shares of the technology company’s stock worth $60,000 after buying an additional 750 shares during the last quarter. Global Retirement Partners LLC lifted its position in Koninklijke Philips by 67.6% in the third quarter. Global Retirement Partners LLC now owns 4,141 shares of the technology company’s stock worth $52,000 after buying an additional 1,670 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Koninklijke Philips by 50.3% in the third quarter. Quadrant Capital Group LLC now owns 7,973 shares of the technology company’s stock worth $123,000 after buying an additional 2,668 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in Koninklijke Philips by 18.0% in the first quarter. Verition Fund Management LLC now owns 8,717 shares of the technology company’s stock worth $266,000 after buying an additional 1,329 shares during the last quarter. Institutional investors own 10.17% of the company’s stock.

Wall Street Analysts Forecast Growth

PHG has been the subject of a number of analyst reports. StockNews.com began coverage on Koninklijke Philips in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Societe Generale upgraded Koninklijke Philips from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Finally, Sanford C. Bernstein began coverage on Koninklijke Philips in a research report on Tuesday, March 7th. They set a “market perform” rating for the company. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of “Hold” and an average price target of $16.79.

Koninklijke Philips Stock Down 1.6 %

NYSE:PHG opened at $19.87 on Wednesday. Koninklijke Philips has a fifty-two week low of $11.75 and a fifty-two week high of $26.05. The stock has a market capitalization of $17.67 billion, a P/E ratio of -8.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.78 and a current ratio of 1.29. The company’s 50-day simple moving average is $19.02 and its 200-day simple moving average is $16.89.

Koninklijke Philips (NYSE:PHG – Get Rating) last released its quarterly earnings results on Monday, April 24th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. Koninklijke Philips had a negative net margin of 11.63% and a positive return on equity of 6.29%. The business had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $3.99 billion. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Koninklijke Philips will post 1.1 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently declared an annual dividend, which was paid on Thursday, May 18th. Stockholders of record on Friday, May 12th were issued a $0.9387 dividend. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, May 11th. Koninklijke Philips’s dividend payout ratio is currently -37.96%.

About Koninklijke Philips

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Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Diagnosis and Treatment businesses; Connected Care businesses; Personal Health businesses; and Other. The Diagnosis and Treatment businesses segment consists systems, smart devices, software and services, powered by AI-enabled informatics-that support precision diagnoses and minimally invasive procedures in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology.