Charles Schwab Investment Management Inc. Purchases 5,968 Shares of Koninklijke Philips (NYSE:PHG)

Charles Schwab Investment Management Inc. increased its position in Koninklijke Philips (NYSE:PHG) by 10.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 61,258 shares of the technology company’s stock after acquiring an additional 5,968 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Koninklijke Philips were worth $1,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in shares of Koninklijke Philips by 16.8% during the 3rd quarter. Cerity Partners LLC now owns 60,112 shares of the technology company’s stock worth $1,967,000 after purchasing an additional 8,625 shares during the last quarter. FMR LLC increased its position in Koninklijke Philips by 0.6% during the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock worth $200,859,000 after buying an additional 35,935 shares during the last quarter. Quantbot Technologies LP acquired a new position in Koninklijke Philips during the third quarter worth $564,000. BNP Paribas Financial Markets raised its holdings in Koninklijke Philips by 22.1% during the third quarter. BNP Paribas Financial Markets now owns 20,057 shares of the technology company’s stock valued at $656,000 after buying an additional 3,629 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Koninklijke Philips in the third quarter worth about $4,622,000. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Trading Down 0.2 %

Koninklijke Philips stock opened at $25.65 on Friday. The business’s 50-day simple moving average is $26.73 and its 200-day simple moving average is $27.57. Koninklijke Philips has a 52 week low of $19.10 and a 52 week high of $32.91. The firm has a market capitalization of $24.10 billion, a PE ratio of -30.53, a PEG ratio of 0.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.10 billion. Equities research analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.886 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips’s payout ratio is currently -89.29%.

Wall Street Analysts Forecast Growth

PHG has been the topic of a number of analyst reports. Sanford C. Bernstein raised Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday, February 20th. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. Two equities research 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Koninklijke Philips Company Profile

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.