Koninklijke Philips (NYSE:PHG) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Koninklijke Philips (NYSE:PHG) by 5.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 308,673 shares of the technology company’s stock after buying an additional 15,395 shares during the period. Sei Investments Co.’s holdings in Koninklijke Philips were worth $7,816,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PHG. Sequoia Financial Advisors LLC grew its holdings in Koninklijke Philips by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company’s stock valued at $226,000 after purchasing an additional 384 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of Koninklijke Philips by 3.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company’s stock worth $289,000 after acquiring an additional 427 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of 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 period. Farther Finance Advisors LLC increased its stake in Koninklijke Philips by 37.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock valued at $54,000 after buying an additional 582 shares during the period. Finally, First Affirmative Financial Network raised its holdings in Koninklijke Philips by 5.9% during the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock worth $277,000 after purchasing an additional 611 shares in the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

NYSE PHG opened at $25.65 on Monday. 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 market cap of $24.10 billion, a PE ratio of -30.53, a PEG ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a 1 year low of $19.10 and a 1 year high of $32.91. The stock’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $27.55.

Koninklijke Philips (NYSE:PHG) last released its earnings results 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 business had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be given a $0.886 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips’s dividend payout ratio is currently -89.29%.

Wall Street Analyst Weigh In

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

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.