Cwm LLC Sells 12,357 Shares of Koninklijke Philips (NYSE:PHG)

Cwm LLC lessened its stake in Koninklijke Philips (NYSE:PHG) by 81.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,813 shares of the technology company’s stock after selling 12,357 shares during the quarter. Cwm LLC’s holdings in Koninklijke Philips were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PHG. Capital Analysts LLC boosted its position in Koninklijke Philips by 6.3% in the 4th quarter. Capital Analysts LLC now owns 8,820 shares of the technology company’s stock valued at $206,000 after buying an additional 521 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Koninklijke Philips by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,374 shares of the technology company’s stock worth $265,000 after purchasing an additional 615 shares during the period. Bank of New Hampshire raised its holdings in Koninklijke Philips by 0.8% during the 4th quarter. Bank of New Hampshire now owns 117,280 shares of the technology company’s stock worth $2,736,000 after purchasing an additional 908 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Koninklijke Philips by 7.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,619 shares of the technology company’s stock valued at $318,000 after purchasing an additional 940 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Koninklijke Philips by 2.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 39,868 shares of the technology company’s stock valued at $795,000 after purchasing an additional 1,084 shares during the last quarter. 13.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PHG has been the subject of a number of recent research reports. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Friday, May 24th. BNP Paribas raised Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 7th. UBS Group raised Koninklijke Philips from a “sell” rating to a “neutral” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised Koninklijke Philips from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 30th. Finally, Sanford C. Bernstein upgraded Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Koninklijke Philips currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Koninklijke Philips Price Performance

PHG opened at $26.19 on Tuesday. The stock has a market cap of $23.73 billion, a P/E ratio of -27.28, a P/E/G ratio of 0.87 and a beta of 0.76. Koninklijke Philips has a 12 month low of $17.75 and a 12 month high of $29.44. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a fifty day simple moving average of $25.56 and a 200 day simple moving average of $22.90.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, April 29th. The technology company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $4.49 billion during the quarter. Koninklijke Philips had a positive return on equity of 9.82% and a negative net margin of 4.41%. On average, research analysts expect that Koninklijke Philips will post 1.54 EPS for the current year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which was paid on Thursday, May 9th. Shareholders of record on Friday, May 10th were paid a $0.9154 dividend. This represents a yield of 3.5%. The ex-dividend date was Thursday, May 9th. Koninklijke Philips’s payout ratio is currently -94.79%.

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.