Koninklijke Philips NV (PHG) Stake Lowered by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its holdings in Koninklijke Philips NV (NYSE:PHG) by 40.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 278,932 shares of the technology company’s stock after selling 192,776 shares during the period. Two Sigma Advisers LP’s holdings in Koninklijke Philips were worth $10,544,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PHG. FNY Partners Fund LP acquired a new stake in Koninklijke Philips during the third quarter valued at $111,000. Icon Wealth Partners LLC acquired a new stake in Koninklijke Philips during the fourth quarter valued at $128,000. Creative Planning acquired a new stake in Koninklijke Philips during the fourth quarter valued at $204,000. Shufro Rose & Co. LLC acquired a new stake in Koninklijke Philips during the third quarter valued at $208,000. Finally, First Republic Investment Management Inc. acquired a new stake in Koninklijke Philips during the third quarter valued at $210,000. 6.77% of the stock is owned by institutional investors and hedge funds.

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Koninklijke Philips stock opened at $37.69 on Friday. Koninklijke Philips NV has a 1-year low of $31.40 and a 1-year high of $42.35. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $34,908.14, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.

Koninklijke Philips (NYSE:PHG) last posted its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The company had revenue of $5.30 billion for the quarter, compared to analyst estimates of $5.42 billion. During the same period last year, the company earned $0.67 earnings per share. The business’s revenue was down 26.8% compared to the same quarter last year. equities research analysts anticipate that Koninklijke Philips NV will post 2.32 EPS for the current year.

The business also recently announced an annual dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 8th will be issued a dividend of $0.9917 per share. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.86. This represents a yield of 2.43%. The ex-dividend date of this dividend is Monday, May 7th. Koninklijke Philips’s dividend payout ratio (DPR) is 35.96%.

A number of research firms recently issued reports on PHG. Berenberg Bank raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research raised Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, January 11th. Finally, ValuEngine cut Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $40.50.

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About Koninklijke Philips

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

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