Koninklijke Philips (NYSE:PHG) Stock Position Raised by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in Koninklijke Philips (NYSE:PHG) by 23.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,575 shares of the technology company’s stock after acquiring an additional 2,219 shares during the period. Avantax Advisory Services Inc.’s holdings in Koninklijke Philips were worth $293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of Koninklijke Philips by 0.6% during the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after acquiring an additional 35,935 shares during the period. Bank of Montreal Can boosted its stake in Koninklijke Philips by 2,883.5% during the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after purchasing an additional 949,278 shares during the period. IHT Wealth Management LLC acquired a new position in Koninklijke Philips during the 3rd quarter valued at about $19,593,000. Raymond James Financial Inc. bought a new position in Koninklijke Philips in the 4th quarter worth about $10,655,000. Finally, Bar Harbor Wealth Management increased its stake in shares of Koninklijke Philips by 2.1% in the fourth quarter. Bar Harbor Wealth Management now owns 308,157 shares of the technology company’s stock valued at $7,803,000 after purchasing an additional 6,281 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $25.47 on Wednesday. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of -30.32, a PEG ratio of 0.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74. Koninklijke Philips has a 12 month low of $19.10 and a 12 month high of $32.91. The stock’s 50 day moving average price is $26.74 and its 200 day moving average price is $27.64.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 EPS 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 during the quarter, compared to the consensus estimate of $5.10 billion. Equities research 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 disclosed an annual dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.886 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a dividend yield of 2.9%. Koninklijke Philips’s dividend payout ratio (DPR) is -89.29%.

Wall Street Analysts Forecast Growth

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

About Koninklijke Philips

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.