Koninklijke Philips (NYSE:PHG) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Koninklijke Philips (NYSE:PHG) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,258 shares of the technology company’s stock after purchasing an additional 5,968 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Koninklijke Philips were worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its stake in Koninklijke Philips by 1.1% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock valued at $1,300,000 after purchasing an additional 562 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of Koninklijke Philips by 5.9% in the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock valued at $277,000 after buying an additional 611 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Koninklijke Philips by 6.3% during the 4th quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company’s stock valued at $278,000 after acquiring an additional 648 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Koninklijke Philips by 1.3% during the 4th quarter. Sanctuary Advisors LLC now owns 59,213 shares of the technology company’s stock worth $1,660,000 after acquiring an additional 778 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Koninklijke Philips by 24.9% during the 4th quarter. Allworth Financial LP now owns 3,993 shares of the technology company’s stock worth $105,000 after acquiring an additional 797 shares in the last quarter. 13.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Koninklijke Philips Stock Performance

Shares of Koninklijke Philips stock opened at $25.65 on Friday. Koninklijke Philips has a 12 month low of $19.10 and a 12 month high of $32.91. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The stock has a market cap of $24.10 billion, a PE ratio of -30.53, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. The business has a fifty day simple moving average of $26.73 and a 200-day simple moving average of $27.57.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. On average, sell-side analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid a $0.886 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s dividend payout ratio is presently -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.