Koninklijke Philips N.V. (NYSE:PHG) Short Interest Update

Koninklijke Philips N.V. (NYSE:PHG) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,025,224 shares, a growth of 13.6% from the March 31st total of 1,782,541 shares. Based on an average daily volume of 862,013 shares, the short-interest ratio is currently 2.3 days. Approximately 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings lowered Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 2nd. Zacks Research lowered Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Koninklijke Philips

A number of hedge funds have recently made changes to their positions in PHG. Mondrian Investment Partners LTD bought a new position in Koninklijke Philips during the third quarter valued at approximately $215,529,000. Fox Run Management L.L.C. bought a new position in Koninklijke Philips during the third quarter valued at approximately $875,000. Causeway Capital Management LLC boosted its stake in Koninklijke Philips by 5.8% during the third quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock valued at $53,378,000 after buying an additional 107,117 shares during the last quarter. M&T Bank Corp boosted its stake in Koninklijke Philips by 823.3% during the fourth quarter. M&T Bank Corp now owns 135,990 shares of the technology company’s stock valued at $3,683,000 after buying an additional 121,261 shares during the last quarter. Finally, XY Capital Ltd boosted its stake in Koninklijke Philips by 356.8% during the third quarter. XY Capital Ltd now owns 64,413 shares of the technology company’s stock valued at $1,756,000 after buying an additional 50,313 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Shares of NYSE PHG traded down $0.17 during mid-day trading on Friday, reaching $26.18. The company’s stock had a trading volume of 742,267 shares, compared to its average volume of 1,013,799. The firm has a market capitalization of $25.20 billion, a PE ratio of 24.69, a P/E/G ratio of 6.84 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 0.94. The stock has a fifty day moving average of $28.45 and a two-hundred day moving average of $28.43. Koninklijke Philips has a 52 week low of $21.95 and a 52 week high of $33.44.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.20. The firm 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%. As a group, sell-side analysts anticipate that Koninklijke Philips will post 1.86 EPS for the current fiscal year.

Koninklijke Philips Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $1.013 dividend. This represents a dividend 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 currently 77.36%.

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.