Fmr LLC Has $51,810,000 Position in Koninklijke Philips NV (PHG)

Fmr LLC raised its stake in Koninklijke Philips NV (NYSE:PHG) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,694,792 shares of the company’s stock after buying an additional 202,192 shares during the period. Fmr LLC’s holdings in Koninklijke Philips NV were worth $51,810,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PHG. World Asset Management Inc raised its position in Koninklijke Philips NV by 9.1% in the third quarter. World Asset Management Inc now owns 63,056 shares of the company’s stock valued at $1,866,000 after buying an additional 5,245 shares in the last quarter. Morgan Stanley raised its position in Koninklijke Philips NV by 5.7% in the third quarter. Morgan Stanley now owns 3,640,644 shares of the company’s stock valued at $107,726,000 after buying an additional 196,331 shares in the last quarter. Becker Capital Management Inc. raised its position in Koninklijke Philips NV by 5,000.7% in the third quarter. Becker Capital Management Inc. now owns 839,019 shares of the company’s stock valued at $24,827,000 after buying an additional 822,570 shares in the last quarter. BlackRock Investment Management LLC raised its position in Koninklijke Philips NV by 512,143.7% in the third quarter. BlackRock Investment Management LLC now owns 691,529 shares of the company’s stock valued at $20,462,000 after buying an additional 691,394 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in Koninklijke Philips NV by 60.5% in the third quarter. OLD National Bancorp IN now owns 24,061 shares of the company’s stock valued at $712,000 after buying an additional 9,066 shares in the last quarter. Institutional investors and hedge funds own 6.92% of the company’s stock.

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

Koninklijke Philips NV (NYSE:PHG) opened at 31.66 on Tuesday. The company has a market capitalization of $29.20 billion, a price-to-earnings ratio of 19.27 and a beta of 1.39. The firm has a 50-day moving average of $29.91 and a 200 day moving average of $29.61. Koninklijke Philips NV has a 12-month low of $23.00 and a 12-month high of $31.78.

The business also recently declared an annual dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 16th will be given a dividend of $0.8634 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a yield of 2.95%. This is a positive change from Koninklijke Philips NV’s previous annual dividend of $0.75. Koninklijke Philips NV’s dividend payout ratio is presently 43.86%.

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Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Koninklijke Philips NV from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 11th. Citigroup Inc reissued a “buy” rating on shares of Koninklijke Philips NV in a report on Thursday, January 26th. Morgan Stanley lowered shares of Koninklijke Philips NV from an “overweight” rating to an “equal weight” rating in a report on Monday, December 12th. Finally, Berenberg Bank assumed coverage on shares of Koninklijke Philips NV in a report on Tuesday, February 7th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Koninklijke Philips NV currently has an average rating of “Buy” and a consensus price target of $31.00.

Koninklijke Philips NV Company Profile

Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.

5 Day Chart for NYSE:PHG

Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips NV (NYSE:PHG).

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