Pathstone Holdings LLC Has $8.31 Million Stock Position in Koninklijke Philips (NYSE:PHG)

Pathstone Holdings LLC increased its stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 328,252 shares of the technology company's stock after purchasing an additional 19,545 shares during the period. Pathstone Holdings LLC's holdings in Koninklijke Philips were worth $8,311,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PHG. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Koninklijke Philips Stock Down 2.3%

NYSE:PHG traded down $0.54 during mid-day trading on Wednesday, reaching $23.42. The stock had a trading volume of 1,648,253 shares, compared to its average volume of 819,917. 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 1-year low of $21.48 and a 1-year high of $32.91. The stock's 50 day simple moving average is $24.48 and its two-hundred day simple moving average is $25.71. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of -27.88, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.27 earnings per share 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 business had revenue of $4.31 billion for the quarter, compared to analysts' expectations of $4.10 billion. During the same quarter last year, the company earned $0.21 EPS. The company's revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current 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 given a dividend of $0.886 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips's dividend payout ratio (DPR) 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.