Royal Bank of Canada lessened its position in Koninklijke Philips NV (NYSE:PHG) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 399,088 shares of the technology company’s stock after selling 64,220 shares during the period. Royal Bank of Canada’s holdings in Koninklijke Philips were worth $16,028,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sigma Planning Corp increased its stake in Koninklijke Philips by 4.8% during the 1st quarter. Sigma Planning Corp now owns 5,431 shares of the technology company’s stock valued at $218,000 after buying an additional 251 shares during the period. 1832 Asset Management L.P. increased its stake in Koninklijke Philips by 0.4% during the 1st quarter. 1832 Asset Management L.P. now owns 65,859 shares of the technology company’s stock valued at $2,663,000 after buying an additional 251 shares during the period. Cambridge Trust Co. increased its stake in Koninklijke Philips by 6.0% during the 1st quarter. Cambridge Trust Co. now owns 5,079 shares of the technology company’s stock valued at $204,000 after buying an additional 287 shares during the period. Global Retirement Partners LLC increased its stake in Koninklijke Philips by 16.3% during the 1st quarter. Global Retirement Partners LLC now owns 2,198 shares of the technology company’s stock valued at $88,000 after buying an additional 308 shares during the period. Finally, Lindbrook Capital LLC boosted its position in shares of Koninklijke Philips by 31.7% during the 1st quarter. Lindbrook Capital LLC now owns 1,324 shares of the technology company’s stock valued at $53,000 after purchasing an additional 319 shares in the last quarter. 8.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PHG opened at $46.69 on Friday. Koninklijke Philips NV has a one year low of $30.50 and a one year high of $50.78. The company has a 50-day moving average of $44.89 and a two-hundred day moving average of $44.66. The stock has a market cap of $41.85 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.36 and a quick ratio of 0.96.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, April 20th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. Koninklijke Philips had a net margin of 5.36% and a return on equity of 14.00%. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts anticipate that Koninklijke Philips NV will post 2.1 earnings per share for the current year.

The company also recently announced an annual dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st will be issued a $0.9612 dividend. This represents a dividend yield of 2.1%. This is a boost from Koninklijke Philips’s previous annual dividend of $0.94. The ex-dividend date of this dividend is Tuesday, June 30th. Koninklijke Philips’s dividend payout ratio (DPR) is presently 35.40%.

Several equities analysts have recently weighed in on PHG shares. Kepler Capital Markets restated a “hold” rating on shares of Koninklijke Philips in a research report on Sunday, April 19th. Barclays restated an “overweight” rating on shares of Koninklijke Philips in a research report on Monday, June 22nd. ValuEngine upgraded shares of Koninklijke Philips from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. UBS Group restated a “buy” rating on shares of Koninklijke Philips in a research report on Monday, March 23rd. Finally, DZ Bank restated a “buy” rating on shares of Koninklijke Philips in a research report on Monday, March 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Koninklijke Philips currently has an average rating of “Buy” and an average price target of $49.50.

Koninklijke Philips 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.

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

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