Koninklijke Philips (NYSE:PHG) Given Average Rating of "Moderate Buy" by Analysts

Shares of Koninklijke Philips (NYSE:PHG - Get Free Report) have been given an average rating of "Moderate Buy" by the five ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

PHG has been the topic of several recent analyst reports. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research 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. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein upgraded shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th.

Hedge Funds Weigh In On Koninklijke Philips

A number of institutional investors and hedge funds have recently made changes to their positions in PHG. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Koninklijke Philips by 87.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock valued at $56,266,000 after acquiring an additional 1,038,321 shares during the period. Northern Trust Corp grew its holdings in Koninklijke Philips by 36.6% during the fourth quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company's stock valued at $40,734,000 after purchasing an additional 430,757 shares during the period. Raymond James Financial Inc. bought a new stake in Koninklijke Philips during the fourth quarter valued at about $10,655,000. GAMMA Investing LLC increased its position in Koninklijke Philips by 3,094.8% in the first quarter. GAMMA Investing LLC now owns 350,241 shares of the technology company's stock worth $8,896,000 after buying an additional 339,278 shares in the last quarter. Finally, Causeway Capital Management LLC raised its stake in shares of Koninklijke Philips by 24.0% in the fourth quarter. Causeway Capital Management LLC now owns 1,566,850 shares of the technology company's stock worth $39,673,000 after buying an additional 303,428 shares during the period. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Stock Up 1.3 %

PHG stock traded up $0.33 during trading on Tuesday, hitting $25.05. 672,527 shares of the stock traded hands, compared to its average volume of 887,506. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. The stock has a market cap of $23.55 billion, a price-to-earnings ratio of -29.82, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $32.91. The firm's 50 day moving average is $25.09 and its two-hundred day moving average is $26.36.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share 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 for the quarter, compared to the consensus estimate of $5.10 billion. On average, sell-side analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.886 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips's payout ratio is currently -89.29%.

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.