Financial Counselors Inc. Sells 2,971 Shares of Koninklijke Philips (NYSE:PHG)

Financial Counselors Inc. decreased its holdings in shares of Koninklijke Philips (NYSE:PHGFree Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 136,642 shares of the technology company’s stock after selling 2,971 shares during the period. Financial Counselors Inc.’s holdings in Koninklijke Philips were worth $2,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Koninklijke Philips by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock valued at $69,428,000 after buying an additional 296,716 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Koninklijke Philips by 48.7% during the 4th quarter. Brandes Investment Partners LP now owns 1,285,935 shares of the technology company’s stock worth $30,001,000 after buying an additional 421,055 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Koninklijke Philips by 85.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,033,823 shares of the technology company’s stock worth $24,119,000 after buying an additional 476,907 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Koninklijke Philips by 16.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 917,560 shares of the technology company’s stock worth $21,407,000 after buying an additional 129,830 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Koninklijke Philips by 7.0% during the 1st quarter. Raymond James & Associates now owns 481,523 shares of the technology company’s stock worth $9,630,000 after buying an additional 31,346 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PHG. BNP Paribas raised shares of Koninklijke Philips from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 7th. UBS Group raised shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised shares of Koninklijke Philips from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 30th. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a report on Monday, May 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Koninklijke Philips presently has an average rating of “Hold”.

View Our Latest Stock Analysis on Koninklijke Philips

Koninklijke Philips Price Performance

Shares of PHG stock opened at $26.26 on Wednesday. The firm has a 50 day moving average price of $26.47 and a two-hundred day moving average price of $23.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.78 and a current ratio of 1.20. Koninklijke Philips has a 12-month low of $17.75 and a 12-month high of $29.44.

Koninklijke Philips (NYSE:PHGGet Free Report) last released its quarterly earnings results on Monday, April 29th. The technology company reported $0.28 earnings per share for the quarter. Koninklijke Philips had a negative net margin of 4.41% and a positive return on equity of 9.82%. The company had revenue of $4.49 billion during the quarter. Research analysts predict that Koninklijke Philips will post 1.45 earnings per share for the current year.

Koninklijke Philips Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, May 9th. Investors of record on Friday, May 10th were paid a $0.9154 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a yield of 3.5%. Koninklijke Philips’s dividend payout ratio (DPR) is -95.83%.

Koninklijke Philips Company Profile

(Free Report)

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.

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

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