Cresset Asset Management LLC Has $305,000 Stock Position in Koninklijke Philips (NYSE:PHG)

Cresset Asset Management LLC decreased its position in Koninklijke Philips (NYSE:PHG - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,037 shares of the technology company's stock after selling 41,130 shares during the quarter. Cresset Asset Management LLC's holdings in Koninklijke Philips were worth $305,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in PHG. Castlekeep Investment Advisors LLC bought a new position in shares of Koninklijke Philips during the 4th quarter valued at $114,000. Beverly Hills Private Wealth LLC increased its position in Koninklijke Philips by 8.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 72,537 shares of the technology company's stock worth $1,837,000 after buying an additional 5,552 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Koninklijke Philips by 3.0% during the fourth quarter. Ameriprise Financial Inc. now owns 45,842 shares of the technology company's stock valued at $1,164,000 after buying an additional 1,319 shares in the last quarter. Becker Capital Management Inc. lifted its position in shares of Koninklijke Philips by 0.7% in the fourth quarter. Becker Capital Management Inc. now owns 945,542 shares of the technology company's stock worth $23,941,000 after buying an additional 6,475 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Koninklijke Philips by 36.6% in the fourth quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company's stock worth $40,734,000 after buying an additional 430,757 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PHG shares. BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 25th. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. StockNews.com cut Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Monday. Finally, UBS Group raised 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, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Koninklijke Philips Stock Performance

Shares of NYSE:PHG traded up $0.08 during midday trading on Tuesday, hitting $23.95. The company's stock had a trading volume of 1,192,414 shares, compared to its average volume of 816,174. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of -28.51, a PEG ratio of 0.82 and a beta of 0.81. The stock's 50 day simple moving average is $24.52 and its 200 day simple moving average is $25.72. Koninklijke Philips has a fifty-two week low of $21.48 and a fifty-two week high of $32.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The firm's revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be given a $0.886 dividend. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio is currently 174.42%.

Koninklijke Philips Company 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.