First Trust Advisors LP Boosts Stock Holdings in Koninklijke Philips (NYSE:PHG)

First Trust Advisors LP grew its position in Koninklijke Philips (NYSE:PHG - Free Report) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,573 shares of the technology company's stock after acquiring an additional 68,071 shares during the quarter. First Trust Advisors LP's holdings in Koninklijke Philips were worth $4,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in Koninklijke Philips during the 3rd quarter valued at about $54,000. Farther Finance Advisors LLC grew its stake in shares of Koninklijke Philips by 37.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock valued at $54,000 after acquiring an additional 582 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Koninklijke Philips in the fourth quarter worth about $55,000. Millstone Evans Group LLC acquired a new position in shares of Koninklijke Philips in the 4th quarter valued at about $60,000. Finally, Allworth Financial LP lifted its stake in Koninklijke Philips by 24.9% in the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock valued at $105,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Stock Down 0.8 %

Shares of NYSE:PHG traded down $0.19 during mid-day trading on Wednesday, reaching $23.90. 1,287,111 shares of the stock were exchanged, compared to its average volume of 816,822. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. Koninklijke Philips has a one year low of $21.48 and a one year high of $32.91. The stock's 50 day simple moving average is $24.94 and its 200-day simple moving average is $26.05. The company has a market cap of $22.46 billion, a P/E ratio of -28.45, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.27 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 firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company's quarterly revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be paid 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 -89.29%.

Analyst Ratings Changes

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