Russell Investments Group Ltd. Sells 148,030 Shares of Koninklijke Philips (NYSE:PHG)

Russell Investments Group Ltd. cut its holdings in shares of Koninklijke Philips (NYSE:PHG - Free Report) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451,218 shares of the technology company's stock after selling 148,030 shares during the period. Russell Investments Group Ltd.'s holdings in Koninklijke Philips were worth $11,425,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Koninklijke Philips by 87.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock valued at $56,266,000 after acquiring an additional 1,038,321 shares during the last quarter. Brandes Investment Partners LP lifted its position in Koninklijke Philips by 4.9% during the fourth quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock valued at $23,260,000 after purchasing an additional 43,157 shares during the period. Natixis Advisors LLC boosted its holdings in Koninklijke Philips by 3.7% in the fourth quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock worth $18,769,000 after purchasing an additional 26,227 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Koninklijke Philips in the fourth quarter worth approximately $10,655,000. Finally, Sei Investments Co. grew its position in Koninklijke Philips by 5.2% in the 4th quarter. Sei Investments Co. now owns 308,673 shares of the technology company's stock worth $7,816,000 after purchasing an additional 15,395 shares during the period. 13.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. UBS Group raised Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. BNP Paribas upgraded Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday, February 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Koninklijke Philips has an average rating of "Moderate Buy".

Koninklijke Philips Stock Performance

Shares of NYSE:PHG traded up $0.16 during mid-day trading on Wednesday, reaching $23.99. 205,612 shares of the company traded hands, compared to its average volume of 892,888. The company's 50 day moving average price is $25.72 and its 200-day moving average price is $26.86. The firm has a market cap of $22.55 billion, a PE ratio of -28.55, a PEG ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a 52 week low of $19.25 and a 52 week high of $32.91. 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 (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $5.38 billion for 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%. On average, equities analysts expect that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The firm also recently declared 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 payout ratio is presently -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.