Commonwealth Equity Services LLC Has $1.41 Million Holdings in Koninklijke Philips (NYSE:PHG)

Commonwealth Equity Services LLC lessened its holdings in Koninklijke Philips (NYSE:PHG) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,787 shares of the technology company’s stock after selling 11,829 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Koninklijke Philips were worth $1,413,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PHG. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Koninklijke Philips by 87.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company’s stock worth $56,266,000 after acquiring an additional 1,038,321 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Koninklijke Philips by 23.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,575 shares of the technology company’s stock worth $293,000 after purchasing an additional 2,219 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Koninklijke Philips by 37.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after purchasing an additional 582 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Koninklijke Philips by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company’s stock valued at $226,000 after buying an additional 384 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in shares of Koninklijke Philips by 5.1% in the fourth quarter. Pzena Investment Management LLC now owns 13,683 shares of the technology company’s stock valued at $346,000 after buying an additional 670 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 0.2 %

PHG opened at $25.65 on Monday. The stock’s fifty day simple moving average is $26.73 and its 200 day simple moving average is $27.55. Koninklijke Philips has a 1-year low of $19.10 and a 1-year high of $32.91. 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 company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Koninklijke Philips (NYSE:PHG) last issued 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). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. As a group, research analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current 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 given a dividend of $0.886 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s dividend payout ratio (DPR) is presently -89.29%.

Wall Street Analysts Forecast Growth

PHG has been the topic of several analyst reports. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 18th. Finally, BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. Two research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

About Koninklijke Philips

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.