FDx Advisors Inc. lowered its stake in shares of Koninklijke Philips NV (NYSE:PHG) by 45.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,636 shares of the technology company’s stock after selling 8,150 shares during the period. FDx Advisors Inc.’s holdings in Koninklijke Philips were worth $387,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bartlett & Co. LLC purchased a new position in shares of Koninklijke Philips during the 1st quarter worth approximately $30,000. PSI Advisors LLC purchased a new position in shares of Koninklijke Philips during the 4th quarter worth approximately $39,000. Procyon Private Wealth Partners LLC purchased a new position in shares of Koninklijke Philips during the 4th quarter worth approximately $43,000. Harbor Investment Advisory LLC purchased a new position in Koninklijke Philips in the 1st quarter valued at approximately $37,000. Finally, NEXT Financial Group Inc boosted its position in Koninklijke Philips by 399.2% in the 1st quarter. NEXT Financial Group Inc now owns 1,188 shares of the technology company’s stock valued at $48,000 after buying an additional 950 shares during the period. 8.59% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips stock opened at $46.77 on Tuesday. The company has a fifty day simple moving average of $45.11 and a 200-day simple moving average of $44.65. Koninklijke Philips NV has a 12-month low of $30.50 and a 12-month high of $50.78. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The stock has a market cap of $41.60 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 2.29 and a beta of 1.03.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, April 20th. The technology company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. Koninklijke Philips had a net margin of 5.36% and a return on equity of 14.00%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the business earned $0.29 EPS. Koninklijke Philips’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Koninklijke Philips NV will post 2.1 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.9612 per share. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.94. This represents a yield of 2.1%. The ex-dividend date is Tuesday, June 30th. Koninklijke Philips’s dividend payout ratio (DPR) is currently 35.40%.

Several brokerages have commented on PHG. Zacks Investment Research raised shares of Koninklijke Philips from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of Koninklijke Philips in a research report on Monday, March 23rd. Kepler Capital Markets reissued a “hold” rating on shares of Koninklijke Philips in a research report on Sunday, April 19th. DZ Bank reissued a “buy” rating on shares of Koninklijke Philips in a research report on Monday, March 23rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Koninklijke Philips in a research report on Monday, June 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $49.50.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

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Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

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