Park Avenue Securities LLC Acquires 5,067 Shares of Koninklijke Philips (NYSE:PHG)

Park Avenue Securities LLC lifted its holdings in Koninklijke Philips (NYSE:PHG) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,951 shares of the technology company’s stock after purchasing an additional 5,067 shares during the quarter. Park Avenue Securities LLC’s holdings in Koninklijke Philips were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Koninklijke Philips by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock worth $69,428,000 after purchasing an additional 296,716 shares in the last quarter. Becker Capital Management Inc. lifted its position in shares of Koninklijke Philips by 5.0% in the third quarter. Becker Capital Management Inc. now owns 1,425,923 shares of the technology company’s stock worth $28,433,000 after purchasing an additional 67,315 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of Koninklijke Philips by 48.7% in the fourth quarter. Brandes Investment Partners LP now owns 1,285,935 shares of the technology company’s stock worth $30,001,000 after purchasing an additional 421,055 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Koninklijke Philips by 85.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,033,823 shares of the technology company’s stock worth $24,119,000 after purchasing an additional 476,907 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Koninklijke Philips by 16.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 917,560 shares of the technology company’s stock worth $21,407,000 after purchasing an additional 129,830 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

NYSE:PHG opened at $25.20 on Friday. Koninklijke Philips has a one year low of $17.75 and a one year high of $29.44. The company has a market cap of $22.84 billion, a P/E ratio of -26.25, a P/E/G ratio of 0.94 and a beta of 0.76. The firm’s fifty day moving average price is $25.99 and its two-hundred day moving average price is $23.01. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 0.78.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.28 EPS for the quarter. Koninklijke Philips had a negative net margin of 4.41% and a positive return on equity of 9.82%. The firm had revenue of $4.49 billion for the quarter. Equities analysts expect that Koninklijke Philips will post 1.51 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, May 9th. Investors of record on Friday, May 10th were paid a $0.9154 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a dividend yield of 3.5%. Koninklijke Philips’s dividend payout ratio (DPR) is presently -95.83%.

Analyst Ratings Changes

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

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.