TD Private Client Wealth LLC Sells 893 Shares of Koninklijke Philips (NYSE:PHG)

TD Private Client Wealth LLC decreased its stake in Koninklijke Philips (NYSE:PHG) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,663 shares of the technology company’s stock after selling 893 shares during the quarter. TD Private Client Wealth LLC’s holdings in Koninklijke Philips were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PHG. FMR LLC boosted its stake in Koninklijke Philips by 0.6% during the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock worth $200,859,000 after acquiring an additional 35,935 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Koninklijke Philips by 87.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company’s stock worth $56,266,000 after purchasing an additional 1,038,321 shares during the period. Bank of Montreal Can boosted its position in shares of Koninklijke Philips by 2,883.5% during the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after purchasing an additional 949,278 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Koninklijke Philips by 4.9% in the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company’s stock valued at $23,260,000 after buying an additional 43,157 shares during the period. Finally, Natixis Advisors LLC increased its position in shares of Koninklijke Philips by 3.7% in the 4th quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company’s stock valued at $18,769,000 after buying an additional 26,227 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PHG. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday, February 20th. Sanford C. Bernstein upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Koninklijke Philips presently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Stock Down 0.1 %

PHG stock opened at $25.46 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. The stock has a market capitalization of $23.93 billion, a P/E ratio of -30.31, a P/E/G ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a fifty-two week low of $19.10 and a fifty-two week high of $32.91. The business has a 50-day moving average of $26.73 and a 200-day moving average of $27.68.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. On average, sell-side analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid a $0.886 dividend. The ex-dividend date is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s payout ratio is currently -89.29%.

Koninklijke Philips Company Profile

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.