Graham Capital Management L.P. Takes Position in Koninklijke Philips (NYSE:PHG)

Graham Capital Management L.P. purchased a new position in Koninklijke Philips (NYSE:PHG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,683 shares of the technology company's stock, valued at approximately $802,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ethic Inc. increased its holdings in Koninklijke Philips by 13.8% in the 4th quarter. Ethic Inc. now owns 39,331 shares of the technology company's stock worth $996,000 after acquiring an additional 4,780 shares in the last quarter. Colonial Trust Co SC increased its holdings in Koninklijke Philips by 724.0% in the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company's stock worth $36,000 after acquiring an additional 1,238 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in Koninklijke Philips in the 4th quarter worth $114,000. Beverly Hills Private Wealth LLC increased its holdings in Koninklijke Philips by 8.3% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 72,537 shares of the technology company's stock worth $1,837,000 after acquiring an additional 5,552 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Koninklijke Philips by 3.0% during the fourth quarter. Ameriprise Financial Inc. now owns 45,842 shares of the technology company's stock worth $1,164,000 after buying an additional 1,319 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Trading Down 1.0%

Shares of PHG traded down $0.24 during mid-day trading on Friday, reaching $24.04. The stock had a trading volume of 864,852 shares, compared to its average volume of 814,255. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. Koninklijke Philips has a 52-week low of $21.48 and a 52-week high of $32.91. The business's fifty day moving average is $24.58 and its 200 day moving average is $25.75. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of -28.62, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the company posted $0.21 earnings per share. Koninklijke Philips's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

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

Analysts Set New Price Targets

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

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.