Mercer Global Advisors Inc. ADV Has $1.86 Million Stake in Koninklijke Philips (NYSE:PHG)

Mercer Global Advisors Inc. ADV cut its holdings in Koninklijke Philips (NYSE:PHG - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the 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 reporting period.

A number of other institutional investors have also made changes to their positions in PHG. Wilmington Savings Fund Society FSB bought a new position in Koninklijke Philips in the third quarter valued at about $54,000. Farther Finance Advisors LLC grew its position 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 during the period. Whipplewood Advisors LLC bought a new stake in shares of Koninklijke Philips during the fourth quarter worth approximately $55,000. Millstone Evans Group LLC acquired a new position in Koninklijke Philips in the fourth quarter valued at approximately $60,000. Finally, Allworth Financial LP boosted its stake in Koninklijke Philips by 24.9% in the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock valued at $105,000 after acquiring an additional 797 shares during the last quarter. 13.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Koninklijke Philips Stock Up 2.0 %

Shares of PHG stock traded up $0.47 during trading hours on Friday, hitting $24.54. 1,149,523 shares of the company were exchanged, compared to its average volume of 816,113. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $23.07 billion, a PE ratio of -29.21, a PEG ratio of 0.82 and a beta of 0.81. The business has a 50 day moving average of $24.85 and a two-hundred day moving average of $25.94. Koninklijke Philips has a 52 week low of $21.48 and a 52 week high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.13. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The business's quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Analysts anticipate that Koninklijke Philips will post 1.63 earnings per share 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. Shareholders of record on Tuesday, May 13th will be paid a $0.886 dividend. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio (DPR) is -89.29%.

Koninklijke Philips 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.