Koninklijke Philips NV (PHG) Position Reduced by Clark Estates Inc. NY

Clark Estates Inc. NY lowered its position in shares of Koninklijke Philips NV (NYSE:PHG) by 39.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,730 shares of the technology company’s stock after selling 139,270 shares during the period. Koninklijke Philips NV makes up approximately 1.0% of Clark Estates Inc. NY’s portfolio, making the stock its 19th largest position. Clark Estates Inc. NY’s holdings in Koninklijke Philips NV were worth $6,767,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Becker Capital Management Inc. increased its stake in Koninklijke Philips NV by 5,000.7% in the third quarter. Becker Capital Management Inc. now owns 839,019 shares of the technology company’s stock worth $24,827,000 after buying an additional 822,570 shares in the last quarter. BlackRock Investment Management LLC increased its stake in Koninklijke Philips NV by 512,143.7% in the third quarter. BlackRock Investment Management LLC now owns 691,529 shares of the technology company’s stock worth $20,462,000 after buying an additional 691,394 shares in the last quarter. Skba Capital Management LLC purchased a new stake in Koninklijke Philips NV during the third quarter worth $13,804,000. Jane Street Group LLC increased its stake in Koninklijke Philips NV by 3,959.3% in the third quarter. Jane Street Group LLC now owns 420,667 shares of the technology company’s stock worth $12,448,000 after buying an additional 431,567 shares in the last quarter. Finally, FMR LLC increased its stake in Koninklijke Philips NV by 13.5% in the fourth quarter. FMR LLC now owns 1,694,792 shares of the technology company’s stock worth $51,810,000 after buying an additional 202,192 shares in the last quarter. 6.92% of the stock is owned by institutional investors and hedge funds.

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

Koninklijke Philips NV (NYSE:PHG) traded up 0.25% during trading on Friday, hitting $32.65. The company’s stock had a trading volume of 1,689,701 shares. The firm has a market cap of $30.12 billion, a P/E ratio of 19.69 and a beta of 1.39. Koninklijke Philips NV has a 12 month low of $23.00 and a 12 month high of $32.80. The firm has a 50 day moving average of $31.51 and a 200 day moving average of $30.06.

The business also recently announced an annual dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Tuesday, May 16th will be issued a $0.8634 dividend. This represents a yield of 2.95%. This is an increase from Koninklijke Philips NV’s previous annual dividend of $0.75. The ex-dividend date is Friday, May 12th. Koninklijke Philips NV’s payout ratio is 43.86%.

WARNING: This story was published by Ticker Report and is owned by of Ticker Report. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/2485971/koninklijke-philips-nv-phg-position-reduced-by-clark-estates-inc-ny.html.

PHG has been the subject of a number of recent analyst reports. Deutsche Bank AG reissued a “buy” rating on shares of Koninklijke Philips NV in a research report on Tuesday, March 21st. Zacks Investment Research downgraded shares of Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 27th. Berenberg Bank initiated coverage on shares of Koninklijke Philips NV in a research report on Tuesday, February 7th. They set a “hold” rating for the company. Finally, Citigroup Inc reissued a “buy” rating on shares of Koninklijke Philips NV in a research report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. Koninklijke Philips NV has an average rating of “Buy” and an average price target of $31.00.

About Koninklijke Philips NV

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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).

Receive News & Ratings for Koninklijke Philips NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips NV and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mattel CEO Promises Growth Following Sales Slump
Mattel CEO Promises Growth Following Sales Slump
Burberry Misses Estimates on Sales
Burberry Misses Estimates on Sales
Snapchat: CEO Did Not Label India as Being Poor
Snapchat: CEO Did Not Label India as Being Poor
Credit Suisse Slashes Bonuses by 40%
Credit Suisse Slashes Bonuses by 40%
Daily Mail to Pay Melania Trump $3 Million
Daily Mail to Pay Melania Trump $3 Million
New York Approves Free College Tuition
New York Approves Free College Tuition


Leave a Reply

© 2006-2017 Ticker Report. Google+.