Koninklijke Philips (NYSE:PHG) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its position in Koninklijke Philips (NYSE:PHG) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,009 shares of the technology company’s stock after acquiring an additional 741 shares during the period. Atria Investments Inc’s holdings in Koninklijke Philips were worth $481,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Assetmark Inc. grew its position in Koninklijke Philips by 1.4% in the 4th quarter. Assetmark Inc. now owns 58,824 shares of the technology company’s stock valued at $1,489,000 after buying an additional 785 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Koninklijke Philips by 10.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 61,258 shares of the technology company’s stock valued at $1,551,000 after buying an additional 5,968 shares in the last quarter. Jones Financial Companies Lllp grew its position in Koninklijke Philips by 18.2% in the 4th quarter. Jones Financial Companies Lllp now owns 9,247 shares of the technology company’s stock valued at $234,000 after buying an additional 1,426 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Koninklijke Philips by 177.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,489 shares of the technology company’s stock valued at $114,000 after buying an additional 2,871 shares in the last quarter. Finally, NewEdge Wealth LLC grew its position in Koninklijke Philips by 9.7% in the 4th quarter. NewEdge Wealth LLC now owns 61,757 shares of the technology company’s stock valued at $1,564,000 after buying an additional 5,436 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PHG shares. BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Finally, UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $26.76 on Friday. Koninklijke Philips has a twelve month low of $19.10 and a twelve 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 50-day moving average of $26.65 and a 200-day moving average of $27.86. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of -31.85, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. 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 announced an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be issued a $0.886 dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips’s payout ratio is -89.29%.

Koninklijke Philips 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.