Koninklijke Philips (NYSE:PHG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a report released on Saturday morning.

Several other research firms have also recently commented on PHG. Royal Bank Of Canada began coverage on shares of Koninklijke Philips in a research report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings raised shares of Koninklijke Philips from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Finally, Zacks Research upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Koninklijke Philips Price Performance

PHG opened at $26.55 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.32. The stock has a market capitalization of $25.56 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 6.96 and a beta of 0.77. The stock’s 50 day moving average price is $29.45 and its 200-day moving average price is $28.42. Koninklijke Philips has a 52-week low of $21.48 and a 52-week high of $33.44.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.20. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. On average, equities research analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Increases Dividend

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

Institutional Trading of Koninklijke Philips

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of Koninklijke Philips by 52.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 68,318 shares of the technology company’s stock valued at $1,850,000 after buying an additional 23,492 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Koninklijke Philips during the fourth quarter valued at $200,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Koninklijke Philips by 5.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 50,831 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 2,588 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Koninklijke Philips by 222.8% during the fourth quarter. XTX Topco Ltd now owns 100,854 shares of the technology company’s stock valued at $2,731,000 after buying an additional 69,608 shares during the last quarter. Finally, OLD Mission Capital LLC lifted its position in Koninklijke Philips by 490.9% during the fourth quarter. OLD Mission Capital LLC now owns 106,974 shares of the technology company’s stock valued at $2,897,000 after purchasing an additional 88,869 shares during the period. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Company 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.