Koninklijke Philips (NYSE:PHG) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 26.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,635 shares of the technology company's stock after selling 26,542 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Koninklijke Philips were worth $1,864,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PHG. Sei Investments Co. boosted its stake in shares of Koninklijke Philips by 5.2% in the 4th quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock valued at $7,816,000 after buying an additional 15,395 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Koninklijke Philips by 107.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,624 shares of the technology company's stock worth $3,282,000 after acquiring an additional 67,289 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Koninklijke Philips in the fourth quarter worth approximately $10,655,000. JPMorgan Chase & Co. grew its holdings in Koninklijke Philips by 315.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company's stock worth $8,040,000 after acquiring an additional 186,520 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Koninklijke Philips by 23.4% in the 4th quarter. American Century Companies Inc. now owns 295,158 shares of the technology company's stock valued at $7,473,000 after purchasing an additional 55,911 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Koninklijke Philips Stock Down 0.2%

Shares of NYSE:PHG traded down $0.06 during trading on Tuesday, hitting $24.09. 630,653 shares of the company were exchanged, compared to its average volume of 817,115. The stock has a market capitalization of $22.64 billion, a P/E ratio of -28.68, a PEG ratio of 0.82 and a beta of 0.81. 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 12-month low of $21.48 and a 12-month high of $32.91. The firm's 50 day moving average price is $24.81 and its 200-day moving average price is $25.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same period last year, the business earned $0.21 EPS. Koninklijke Philips's revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently announced 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 is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio (DPR) is currently 174.42%.

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.