Capital Fund Management S.A. Grows Stock Position in Koninklijke Philips (NYSE:PHG)

Capital Fund Management S.A. increased its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,728 shares of the technology company's stock after acquiring an additional 11,669 shares during the quarter. Capital Fund Management S.A.'s holdings in Koninklijke Philips were worth $2,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 valued at $56,266,000 after purchasing an additional 1,038,321 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Koninklijke Philips during the fourth quarter worth $10,655,000. JPMorgan Chase & Co. boosted its position in Koninklijke Philips by 315.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company's stock valued at $8,040,000 after acquiring an additional 186,520 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Koninklijke Philips by 787.9% in the 3rd quarter. Jane Street Group LLC now owns 128,686 shares of the technology company's stock valued at $4,211,000 after acquiring an additional 114,193 shares during the period. Finally, Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of Koninklijke Philips in the 4th quarter worth $2,532,000. 13.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PHG has been the topic of several analyst reports. BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. 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 raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Koninklijke Philips Stock Down 0.4 %

Shares of PHG stock traded down $0.10 during trading hours on Friday, reaching $23.62. 642,130 shares of the company's stock were exchanged, compared to its average volume of 897,618. Koninklijke Philips has a 1 year low of $19.61 and a 1 year 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 stock has a market cap of $22.20 billion, a PE ratio of -28.11, a PEG ratio of 0.82 and a beta of 0.81. The stock's fifty day moving average price is $25.48 and its two-hundred day moving average price is $26.63.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. Research analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

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

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.