Northern Trust Corp Purchases 430,757 Shares of Koninklijke Philips (NYSE:PHG)

Northern Trust Corp boosted its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,608,749 shares of the technology company's stock after purchasing an additional 430,757 shares during the period. Northern Trust Corp owned about 0.17% of Koninklijke Philips worth $40,734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHG. Wilmington Savings Fund Society FSB bought a new stake in shares of Koninklijke Philips during the 3rd quarter worth $54,000. Farther Finance Advisors LLC boosted its stake in shares of Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company's stock valued at $54,000 after purchasing an additional 582 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter valued at approximately $55,000. Millstone Evans Group LLC bought a new stake in shares of Koninklijke Philips during the 4th quarter valued at approximately $60,000. Finally, Allworth Financial LP increased its position in Koninklijke Philips by 24.9% during the 4th quarter. Allworth Financial LP now owns 3,993 shares of the technology company's stock worth $105,000 after purchasing an additional 797 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Koninklijke Philips Trading Up 2.0 %

Shares of PHG stock traded up $0.47 on Friday, hitting $24.54. The company had a trading volume of 1,149,523 shares, compared to its average volume of 815,474. The stock's 50-day moving average is $24.85 and its two-hundred day moving average is $25.90. 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 firm has a market cap of $23.07 billion, a P/E ratio of -29.21, a P/E/G ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.91.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The company's revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities research 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. 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 is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio is 174.42%.

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.