Koninklijke Philips (NYSE:PHG) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 84.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,086 shares of the technology company's stock after selling 208,643 shares during the period. JPMorgan Chase & Co.'s holdings in Koninklijke Philips were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PHG. Connor Clark & Lunn Investment Management Ltd. lifted its position in Koninklijke Philips by 87.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock worth $56,266,000 after buying an additional 1,038,321 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of Koninklijke Philips by 4.9% during the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock valued at $23,260,000 after acquiring an additional 43,157 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Koninklijke Philips by 3.7% during the 4th quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock valued at $18,769,000 after acquiring an additional 26,227 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Koninklijke Philips during the fourth quarter worth about $10,655,000. Finally, Sei Investments Co. raised its stake in Koninklijke Philips by 5.2% during the fourth quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock worth $7,816,000 after purchasing an additional 15,395 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Trading Up 2.6 %

NYSE PHG traded up $0.64 on Friday, reaching $25.62. The stock had a trading volume of 1,498,900 shares, compared to its average volume of 815,304. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The stock has a fifty day moving average price of $25.04 and a two-hundred day moving average price of $26.16. Koninklijke Philips has a 12-month low of $21.48 and a 12-month high of $32.91. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of -30.50, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.10 billion. As a group, sell-side analysts forecast that Koninklijke Philips will post 1.63 EPS for the current fiscal 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 issued 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 (DPR) is currently -89.29%.

Analyst Upgrades and Downgrades

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