ValuEngine lowered shares of Koninklijke Philips (NYSE:PHG) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
Other analysts have also issued research reports about the company. Berenberg Bank raised Koninklijke Philips from a hold rating to a buy rating in a research note on Monday, February 12th. Zacks Investment Research raised Koninklijke Philips from a hold rating to a buy rating and set a $44.00 target price for the company in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. lowered Koninklijke Philips from an overweight rating to a neutral rating in a research note on Thursday, November 9th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $40.50.
Shares of Koninklijke Philips (NYSE PHG) opened at $39.36 on Wednesday. The stock has a market capitalization of $36,454.88, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.47 and a quick ratio of 1.13. Koninklijke Philips has a 52 week low of $30.25 and a 52 week high of $42.35.
The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 8th will be paid a dividend of $0.9917 per share. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, May 7th. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.86. Koninklijke Philips’s dividend payout ratio is 35.96%.
Several large investors have recently added to or reduced their stakes in PHG. Ameriprise Financial Inc. boosted its stake in shares of Koninklijke Philips by 263.4% during the third quarter. Ameriprise Financial Inc. now owns 1,492,082 shares of the technology company’s stock valued at $62,344,000 after purchasing an additional 1,081,468 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Koninklijke Philips by 283.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,085,178 shares of the technology company’s stock valued at $41,020,000 after purchasing an additional 802,100 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Koninklijke Philips by 19.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,362,424 shares of the technology company’s stock valued at $164,900,000 after purchasing an additional 696,075 shares during the period. MD Sass Investors Services Inc. boosted its stake in shares of Koninklijke Philips by 124.2% during the fourth quarter. MD Sass Investors Services Inc. now owns 1,004,555 shares of the technology company’s stock valued at $37,974,000 after purchasing an additional 556,440 shares during the period. Finally, Two Sigma Investments LP boosted its stake in shares of Koninklijke Philips by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 623,387 shares of the technology company’s stock valued at $23,564,000 after purchasing an additional 476,065 shares during the period. 6.63% of the stock is owned by hedge funds and other institutional investors.
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Koninklijke Philips Company Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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