Koninklijke Philips N.V. $PHG Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 30.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,399 shares of the technology company’s stock after acquiring an additional 21,078 shares during the quarter. NewEdge Wealth LLC’s holdings in Koninklijke Philips were worth $2,538,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. raised its position in Koninklijke Philips by 15.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 189,720 shares of the technology company’s stock valued at $4,549,000 after purchasing an additional 24,931 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in shares of Koninklijke Philips during the third quarter worth about $215,529,000. U.S. Capital Wealth Advisors LLC increased its stake in shares of Koninklijke Philips by 646.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 64,084 shares of the technology company’s stock worth $1,747,000 after buying an additional 55,497 shares during the period. Envestnet Asset Management Inc. raised its holdings in Koninklijke Philips by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,351,015 shares of the technology company’s stock valued at $32,397,000 after acquiring an additional 32,663 shares in the last quarter. Finally, Investment Management Associates Inc. ADV acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $12,122,000. 13.67% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

NYSE PHG opened at $31.24 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 0.94. Koninklijke Philips N.V. has a 1 year low of $21.48 and a 1 year high of $33.44. The company has a market capitalization of $30.08 billion, a PE ratio of 29.47, a P/E/G ratio of 6.46 and a beta of 0.79. The company has a fifty day moving average of $28.97 and a two-hundred day moving average of $28.15.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.20. The firm had revenue of $5.98 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. As a group, analysts expect that Koninklijke Philips N.V. will post 1.63 earnings per share for the current year.

Koninklijke Philips Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be issued a $1.013 dividend. This represents a dividend yield of 318.0%. The ex-dividend date of this dividend is Wednesday, May 13th. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s dividend payout ratio is presently 77.36%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Wall Street Zen downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Royal Bank Of Canada began coverage on Koninklijke Philips in a report on Wednesday, December 17th. They set a “sector perform” rating for the company. Finally, Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Koninklijke Philips Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.