XY Capital Ltd Grows Position in Koninklijke Philips N.V. $PHG

Key Points

• XY Capital Ltd boosted its stake in Koninklijke Philips by 356.8% in Q3 to 64,413 shares (worth $1.756M), making PHG roughly 0.9% of the firm's holdings and its 23rd largest position.
• Koninklijke Philips beat recent quarterly estimates with earnings of $0.70 per share versus $0.50 expected and revenue of $5.98 billion versus $5.03 billion, and currently carries a consensus analyst rating of "Hold."
• Philips raised its annual dividend to $1.013 per share (from $0.89), with an ex-dividend date of May 13 and payment scheduled for June 3.

XY Capital Ltd increased its position in Koninklijke Philips N.V. (NYSE:PHG - Free Report) by 356.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,413 shares of the technology company's stock after buying an additional 50,313 shares during the quarter. Koninklijke Philips accounts for approximately 0.9% of XY Capital Ltd's holdings, making the stock its 23rd biggest holding. XY Capital Ltd's holdings in Koninklijke Philips were worth $1,756,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PHG. Johnson Financial Group Inc. bought a new position in shares of Koninklijke Philips during the third quarter valued at about $27,000. AlphaCore Capital LLC bought a new stake in shares of Koninklijke Philips in the second quarter worth about $41,000. MAI Capital Management grew its stake in shares of Koninklijke Philips by 167.7% in the second quarter. MAI Capital Management now owns 2,380 shares of the technology company's stock worth $57,000 after purchasing an additional 1,491 shares during the last quarter. Root Financial Partners LLC purchased a new position in Koninklijke Philips during the 3rd quarter valued at about $83,000. Finally, CWM LLC raised its position in Koninklijke Philips by 20.0% during the 3rd quarter. CWM LLC now owns 3,779 shares of the technology company's stock valued at $103,000 after purchasing an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Trading Down 1.7%

PHG opened at $27.78 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.63. Koninklijke Philips N.V. has a 52 week low of $21.48 and a 52 week high of $33.44. The stock has a market cap of $26.75 billion, a PE ratio of 26.21, a PEG ratio of 5.92 and a beta of 0.77. The business has a 50 day moving average of $29.96 and a 200-day moving average of $28.46.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.20. The company had revenue of $5.98 billion for the quarter, compared to analysts' expectations of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. Equities research analysts predict that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be paid a dividend of $1.013 per share. This is a positive change from Koninklijke Philips's previous annual dividend of $0.89. This represents a dividend yield of 318.0%. The ex-dividend date of this dividend is Wednesday, May 13th. Koninklijke Philips's payout ratio is 77.36%.

Analyst Upgrades and Downgrades

PHG has been the subject of several research analyst reports. Zacks Research upgraded Koninklijke Philips from a "strong sell" rating to a "hold" rating in a report on Thursday, February 12th. Wall Street Zen downgraded Koninklijke Philips from a "buy" rating to a "hold" rating in a report on Saturday, February 14th. Weiss Ratings raised Koninklijke Philips from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, January 12th. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a "hold" rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada started coverage on shares of Koninklijke Philips in a report on Wednesday, December 17th. They issued a "sector perform" rating for the company. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of "Hold".

About Koninklijke Philips

Koninklijke Philips N.V. NYSE: PHG, commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips' principal activities center on medical technologies and personal health.

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