Financial Counselors Inc. Has $3.28 Million Stock Holdings in Koninklijke Philips (NYSE:PHG)

Financial Counselors Inc. lowered its position in shares of Koninklijke Philips (NYSE:PHG) by 5.3% in the fourth quarter, Holdings Channel reports. The firm owned 129,570 shares of the technology company’s stock after selling 7,225 shares during the period. Financial Counselors Inc.’s holdings in Koninklijke Philips were worth $3,281,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Koninklijke Philips by 4.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 36,291 shares of the technology company’s stock valued at $1,187,000 after purchasing an additional 1,676 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Koninklijke Philips by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,290 shares of the technology company’s stock worth $1,809,000 after buying an additional 11,538 shares during the period. Cerity Partners LLC lifted its stake in Koninklijke Philips by 16.8% in the third quarter. Cerity Partners LLC now owns 60,112 shares of the technology company’s stock valued at $1,967,000 after buying an additional 8,625 shares in the last quarter. Pitcairn Co. bought a new position in Koninklijke Philips in the third quarter valued at approximately $256,000. Finally, Bank of Montreal Can boosted its holdings in shares of Koninklijke Philips by 2,883.5% in the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after buying an additional 949,278 shares during the period. Institutional investors own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. Sanford C. Bernstein upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Koninklijke Philips has an average rating of “Moderate Buy”.

Koninklijke Philips Price Performance

Shares of NYSE PHG opened at $25.70 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. The business has a 50-day moving average of $26.73 and a 200-day moving average of $27.61. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of -30.59, a PEG ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a fifty-two week low of $19.10 and a fifty-two week high of $32.91.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. As a group, sell-side analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.886 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips’s dividend payout ratio is currently -89.29%.

Koninklijke Philips Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.