Profund Advisors LLC lowered its stake in Koninklijke Philips NV (NYSE:PHG) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,360 shares of the technology company’s stock after selling 6,639 shares during the period. Profund Advisors LLC’s holdings in Koninklijke Philips were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. FNY Partners Fund LP acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth about $111,000. Icon Wealth Partners LLC acquired a new stake in shares of Koninklijke Philips during the 4th quarter worth about $128,000. Creative Planning acquired a new stake in shares of Koninklijke Philips during the 4th quarter worth about $204,000. Shufro Rose & Co. LLC acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth about $208,000. Finally, First Republic Investment Management Inc. acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth about $210,000. 6.77% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. 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 “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, ValuEngine lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.50.
Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share for the quarter, hitting the 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 for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company earned $0.67 EPS. The business’s quarterly revenue was down 26.8% on a year-over-year basis. research analysts forecast that Koninklijke Philips NV will post 2.32 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Investors of record on Tuesday, May 8th will be paid a dividend of $0.9917 per share. This represents a yield of 2.43%. The ex-dividend date of this dividend is Monday, May 7th. This is an increase from Koninklijke Philips’s previous annual dividend of $0.86. Koninklijke Philips’s dividend payout ratio (DPR) is currently 35.96%.
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Koninklijke Philips 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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