Koninklijke Philips (NYSE:PHG) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in Koninklijke Philips (NYSE:PHG - Free Report) by 61.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,823 shares of the technology company's stock after selling 18,903 shares during the quarter. XTX Topco Ltd's holdings in Koninklijke Philips were worth $299,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC grew its position in shares of Koninklijke Philips by 11.4% in the fourth quarter. Mariner LLC now owns 94,458 shares of the technology company's stock valued at $2,392,000 after purchasing an additional 9,693 shares during the period. Sterling Capital Management LLC boosted its holdings in Koninklijke Philips by 6.9% in the 4th quarter. Sterling Capital Management LLC now owns 34,251 shares of the technology company's stock worth $867,000 after buying an additional 2,223 shares during the last quarter. First Foundation Advisors purchased a new stake in Koninklijke Philips during the 4th quarter worth approximately $862,000. Capital Fund Management S.A. raised its holdings in shares of Koninklijke Philips by 14.8% during the fourth quarter. Capital Fund Management S.A. now owns 90,728 shares of the technology company's stock valued at $2,297,000 after acquiring an additional 11,669 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Koninklijke Philips by 2.9% in the fourth quarter. Cerity Partners LLC now owns 61,861 shares of the technology company's stock valued at $1,684,000 after acquiring an additional 1,749 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Koninklijke Philips Trading Up 1.2 %

Shares of PHG stock traded up $0.31 on Wednesday, hitting $25.34. 905,606 shares of the stock traded hands, compared to its average volume of 825,232. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.91. The firm's 50-day moving average price is $25.09 and its two-hundred day moving average price is $26.30. The stock has a market capitalization of $23.82 billion, a PE ratio of -30.17, a PEG ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted 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). The firm had revenue of $5.38 billion during the quarter, compared to analysts' expectations of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. As a group, 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 paid 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 presently -89.29%.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. UBS Group upgraded shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Koninklijke Philips Company 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.