BB&T Corp lowered its position in Koninklijke Philips NV (NYSE:PHG) by 44.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,537 shares of the technology company’s stock after selling 10,790 shares during the period. BB&T Corp’s holdings in Koninklijke Philips were worth $512,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. FNY Partners Fund LP bought a new position in Koninklijke Philips in the third quarter worth approximately $111,000. Whittier Trust Co. boosted its holdings in Koninklijke Philips by 243.7% in the third quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock worth $197,000 after acquiring an additional 3,390 shares in the last quarter. Park National Corp OH bought a new position in Koninklijke Philips in the third quarter worth approximately $201,000. Creative Planning bought a new position in shares of Koninklijke Philips in the fourth quarter valued at approximately $204,000. Finally, Shufro Rose & Co. LLC bought a new position in shares of Koninklijke Philips in the third quarter valued at approximately $208,000. Institutional investors and hedge funds own 6.39% of the company’s stock.
PHG has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. Zacks Investment Research downgraded Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. JPMorgan Chase & Co. downgraded Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 9th. Finally, Berenberg Bank raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $40.50.
Koninklijke Philips NV (NYSE:PHG) traded up $0.82 during trading on Wednesday, hitting $37.95. The stock had a trading volume of 851,865 shares, compared to its average volume of 1,732,725. Koninklijke Philips NV has a 52-week low of $28.89 and a 52-week high of $42.35. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $34,757.54, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.93 and a beta of 1.30.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. The firm had revenue of $5.30 billion during the quarter, compared to analyst estimates of $5.42 billion. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The business’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. research analysts forecast that Koninklijke Philips NV will post 2.12 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, June 6th. Investors of record on Tuesday, May 8th will be paid a dividend of $0.9917 per share. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.86. The ex-dividend date of this dividend is Monday, May 7th. This represents a yield of 2.43%. Koninklijke Philips’s dividend payout ratio (DPR) is currently 35.96%.
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Koninklijke Philips Company Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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