Strive Asset Management LLC Buys New Holdings in Koninklijke Philips (NYSE:PHG)

Strive Asset Management LLC purchased a new position in shares of Koninklijke Philips (NYSE:PHG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,844 shares of the technology company's stock, valued at approximately $401,000.

A number of other large investors have also bought and sold shares of PHG. Quantinno Capital Management LP lifted its position in Koninklijke Philips by 71.1% in the fourth quarter. Quantinno Capital Management LP now owns 180,149 shares of the technology company's stock valued at $4,561,000 after purchasing an additional 74,835 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Koninklijke Philips by 6.3% in the fourth quarter. Pathstone Holdings LLC now owns 328,252 shares of the technology company's stock worth $8,311,000 after buying an additional 19,545 shares during the period. Graham Capital Management L.P. bought a new stake in Koninklijke Philips during the 4th quarter valued at $802,000. Ethic Inc. raised its holdings in Koninklijke Philips by 13.8% during the 4th quarter. Ethic Inc. now owns 39,331 shares of the technology company's stock valued at $996,000 after buying an additional 4,780 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in Koninklijke Philips by 724.0% during the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company's stock valued at $36,000 after buying an additional 1,238 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PHG has been the topic of a number of analyst reports. StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Sanford C. Bernstein upgraded Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. UBS Group upgraded Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Finally, BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy".

Koninklijke Philips Stock Down 1.0%

Shares of Koninklijke Philips stock opened at $24.04 on Friday. 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 has a 12-month low of $21.48 and a 12-month high of $32.91. The company has a market cap of $22.60 billion, a P/E ratio of -28.62, a PEG ratio of 0.82 and a beta of 0.81. The company's fifty day simple moving average is $24.58 and its two-hundred day simple moving average is $25.74.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced 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. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The company had revenue of $4.31 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. Koninklijke Philips's quarterly revenue was down 1.0% on a year-over-year basis. Research analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

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

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