Commonwealth Equity Services LLC Has $1.41 Million Holdings in Koninklijke Philips (NYSE:PHG)

Commonwealth Equity Services LLC decreased its holdings in Koninklijke Philips (NYSE:PHG) by 17.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 55,787 shares of the technology company’s stock after selling 11,829 shares during the period. Commonwealth Equity Services LLC’s holdings in Koninklijke Philips were worth $1,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in Koninklijke Philips by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company’s stock worth $1,809,000 after acquiring an additional 11,538 shares during the period. Cerity Partners LLC increased its position in shares of Koninklijke Philips by 16.8% in the third 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 period. FMR LLC raised its stake in Koninklijke Philips by 0.6% in the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after purchasing an additional 35,935 shares in the last quarter. Quantbot Technologies LP acquired a new position in Koninklijke Philips in the third quarter valued at about $564,000. Finally, BNP Paribas Financial Markets lifted its position 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 worth $656,000 after purchasing an additional 3,629 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 0.2 %

Shares of NYSE PHG opened at $25.65 on Monday. The stock has a 50-day moving average price of $26.73 and a two-hundred day moving average price of $27.55. Koninklijke Philips has a 12 month low of $19.10 and a 12 month high of $32.91. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market cap of $24.10 billion, a price-to-earnings ratio of -30.53, a PEG ratio of 0.82 and a beta of 0.78.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. As a group, analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday, February 20th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, BNP Paribas raised Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. 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 company’s stock. According to MarketBeat.com, Koninklijke Philips presently has an average rating of “Moderate Buy”.

About Koninklijke Philips

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.