Koninklijke Philips N.V. (NYSE:PHG) Short Interest Update

Koninklijke Philips N.V. (NYSE:PHG) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 2,025,224 shares, an increase of 13.6% from the March 31st total of 1,782,541 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 862,013 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PHG. Zacks Research downgraded Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings downgraded Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Koninklijke Philips Price Performance

Shares of NYSE PHG opened at $26.18 on Friday. The business’s 50 day moving average price is $28.45 and its two-hundred day moving average price is $28.44. The company has a market cap of $25.20 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 6.79 and a beta of 0.74. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.63. Koninklijke Philips has a twelve month low of $21.95 and a twelve month high of $33.44.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.20. The firm had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. On average, analysts predict that Koninklijke Philips will post 1.86 EPS for the current year.

Koninklijke Philips Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.013 per share. This represents a yield of 318.0%. This is a boost from Koninklijke Philips’s previous annual dividend of $0.89. The ex-dividend date of this dividend is Wednesday, May 13th. Koninklijke Philips’s dividend payout ratio (DPR) is presently 77.36%.

Hedge Funds Weigh In On Koninklijke Philips

A number of institutional investors have recently bought and sold shares of the business. Mondrian Investment Partners LTD acquired a new position in Koninklijke Philips during the third quarter worth approximately $215,529,000. Morgan Stanley increased its position in Koninklijke Philips by 11.0% during the fourth quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock worth $76,958,000 after buying an additional 282,661 shares during the last quarter. Causeway Capital Management LLC increased its position in Koninklijke Philips by 5.8% during the third quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock worth $53,378,000 after buying an additional 107,117 shares during the last quarter. Northern Trust Corp grew its position in shares of Koninklijke Philips by 8.1% in the third quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock valued at $52,409,000 after purchasing an additional 143,811 shares during the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of Koninklijke Philips by 6.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock valued at $46,740,000 after purchasing an additional 107,356 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.