Bbva Compass Bancshares Inc. trimmed its position in shares of Koninklijke Philips NV (NYSE:PHG) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,871 shares of the technology company’s stock after selling 598 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Koninklijke Philips were worth $363,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its position in shares of Koninklijke Philips by 130.6% during the 1st quarter. Cornerstone Advisors Inc. now owns 611 shares of the technology company’s stock valued at $25,000 after purchasing an additional 346 shares during the period. Schafer Cullen Capital Management Inc raised its position in shares of Koninklijke Philips by 1.8% during the 4th quarter. Schafer Cullen Capital Management Inc now owns 20,084 shares of the technology company’s stock valued at $705,000 after purchasing an additional 363 shares during the period. Creative Planning raised its position in shares of Koninklijke Philips by 7.9% during the 4th quarter. Creative Planning now owns 6,237 shares of the technology company’s stock valued at $219,000 after purchasing an additional 458 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Koninklijke Philips by 9.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 6,007 shares of the technology company’s stock valued at $211,000 after purchasing an additional 541 shares during the period. Finally, Highland Capital Management LLC raised its position in shares of Koninklijke Philips by 0.7% during the 1st quarter. Highland Capital Management LLC now owns 98,369 shares of the technology company’s stock valued at $4,019,000 after purchasing an additional 644 shares during the period. Hedge funds and other institutional investors own 4.24% of the company’s stock.

Shares of NYSE PHG opened at $40.39 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.21. The firm has a market capitalization of $37.19 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.32 and a beta of 1.24. Koninklijke Philips NV has a 52-week low of $32.98 and a 52-week high of $46.67.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, April 29th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.16. The company had revenue of $4.71 billion for the quarter. Koninklijke Philips had a net margin of 6.10% and a return on equity of 11.94%. On average, equities analysts forecast that Koninklijke Philips NV will post 2.11 earnings per share for the current year.

The business also recently declared an annual dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 14th will be issued a $0.9601 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a yield of 2.42%. Koninklijke Philips’s dividend payout ratio is currently 39.42%.

Separately, Zacks Investment Research downgraded shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.00.

ILLEGAL ACTIVITY WARNING: “Koninklijke Philips NV (PHG) Stake Lowered by Bbva Compass Bancshares Inc.” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://theolympiareport.com/2019/05/16/koninklijke-philips-nv-phg-stake-lowered-by-bbva-compass-bancshares-inc.html.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

Read More: What does relative strength index mean?

Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips NV (NYSE:PHG).

Institutional Ownership by Quarter for Koninklijke Philips (NYSE:PHG)

Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.