SOL Capital Management CO decreased its position in shares of Koninklijke Philips NV (NYSE:PHG) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,897 shares of the technology company’s stock after selling 2,903 shares during the quarter. SOL Capital Management CO’s holdings in Koninklijke Philips were worth $1,092,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Partners Fund LP acquired a new stake in Koninklijke Philips in the third quarter worth about $111,000. Whittier Trust Co. lifted its holdings in Koninklijke Philips by 243.7% in the third quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock worth $197,000 after purchasing an additional 3,390 shares during the period. Park National Corp OH acquired a new stake in Koninklijke Philips in the third quarter worth about $201,000. Creative Planning acquired a new stake in Koninklijke Philips in the fourth quarter worth about $204,000. Finally, Shufro Rose & Co. LLC acquired a new stake in Koninklijke Philips in the third quarter worth about $208,000. 6.39% of the stock is owned by institutional investors.
Shares of Koninklijke Philips NV (PHG) traded up $0.41 during trading on Thursday, reaching $38.69. 842,151 shares of the company’s stock traded hands, compared to its average volume of 1,754,008. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Koninklijke Philips NV has a 12-month low of $29.23 and a 12-month high of $42.35. The company has a market capitalization of $34,785.65, a PE ratio of 18.86, a PEG ratio of 1.93 and a beta of 1.30.
The firm also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 8th will be given a $0.9917 dividend. The ex-dividend date of this dividend is Monday, May 7th. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. This represents a yield of 2.43%. Koninklijke Philips’s payout ratio is 35.96%.
Several research firms recently weighed in on PHG. Berenberg Bank raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a report on Thursday, November 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.50.
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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