Marshall Wace LLP Sells 312,975 Shares of Koninklijke Philips (NYSE:PHG)

Marshall Wace LLP lessened its position in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 76.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,050 shares of the technology company's stock after selling 312,975 shares during the period. Marshall Wace LLP's holdings in Koninklijke Philips were worth $2,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its position in shares of Koninklijke Philips by 4.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company's stock worth $226,000 after acquiring an additional 384 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Koninklijke Philips by 3.9% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company's stock worth $289,000 after purchasing an additional 427 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Koninklijke Philips by 1.1% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company's stock valued at $1,300,000 after buying an additional 562 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Koninklijke Philips by 37.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock worth $54,000 after buying an additional 582 shares in the last quarter. Finally, First Affirmative Financial Network boosted its holdings in shares of Koninklijke Philips by 5.9% during the 4th quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company's stock worth $277,000 after buying an additional 611 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 18th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. StockNews.com raised Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Finally, BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. One investment 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, Koninklijke Philips currently has an average rating of "Buy".

Koninklijke Philips Stock Up 2.5 %

Shares of Koninklijke Philips stock traded up $0.62 on Friday, hitting $25.60. The company had a trading volume of 494,973 shares, compared to its average volume of 849,503. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $32.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The stock has a 50 day moving average of $25.07 and a 200-day moving average of $26.25. The stock has a market capitalization of $24.06 billion, a price-to-earnings ratio of -30.49, 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 results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The company 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, sell-side analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Shareholders 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 yield of 2.9%. Koninklijke Philips's dividend payout ratio (DPR) is -89.29%.

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.