Scotia Capital Inc. grew its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 22.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 99,131 shares of the technology company’s stock after purchasing an additional 18,149 shares during the quarter. Scotia Capital Inc.’s holdings in Koninklijke Philips were worth $3,748,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of PHG. One Capital Management LLC raised its position in shares of Koninklijke Philips by 3.4% in the 3rd quarter. One Capital Management LLC now owns 61,782 shares of the technology company’s stock worth $2,545,000 after buying an additional 2,046 shares during the period. West Coast Financial LLC acquired a new stake in Koninklijke Philips in the 3rd quarter valued at $238,000. AMG National Trust Bank grew its stake in shares of Koninklijke Philips by 5.6% during the third quarter. AMG National Trust Bank now owns 75,667 shares of the technology company’s stock valued at $3,117,000 after acquiring an additional 4,041 shares in the last quarter. Bank of Hawaii grew its stake in shares of Koninklijke Philips by 22.8% during the third quarter. Bank of Hawaii now owns 11,110 shares of the technology company’s stock valued at $458,000 after acquiring an additional 2,065 shares in the last quarter. Finally, Smithfield Trust Co. acquired a new stake in shares of Koninklijke Philips during the third quarter valued at about $211,000. 6.77% of the stock is currently owned by institutional investors.
Koninklijke Philips NV (NYSE PHG) traded up $0.07 during trading hours on Wednesday, reaching $38.91. The company had a trading volume of 722,064 shares, compared to its average volume of 1,790,000. The firm has a market capitalization of $36,640.00, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. Koninklijke Philips NV has a fifty-two week low of $30.41 and a fifty-two week high of $42.35. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.34.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.59 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.59. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. analysts expect that Koninklijke Philips NV will post 2.32 earnings per share for the current fiscal year.
The firm 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 $0.9917 dividend. The ex-dividend date is Monday, May 7th. This represents a yield of 2.43%. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. Koninklijke Philips’s dividend payout ratio (DPR) is currently 68.87%.
A number of research firms recently commented on PHG. Zacks Investment Research downgraded Koninklijke Philips from a “hold” rating to a “sell” rating in a research note on Tuesday. Berenberg Bank upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Finally, ValuEngine downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Koninklijke Philips has an average rating of “Hold” and a consensus price target of $40.50.
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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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