Private Capital Group LLC raised its holdings in Koninklijke Philips NV (NYSE:PHG) by 33.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,197 shares of the technology company’s stock after purchasing an additional 808 shares during the quarter. Private Capital Group LLC’s holdings in Koninklijke Philips were worth $131,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of PHG. Norges Bank acquired a new position in Koninklijke Philips during the 4th quarter worth $19,889,000. BlackRock Inc. lifted its holdings in Koninklijke Philips by 7.5% during the 4th quarter. BlackRock Inc. now owns 6,008,587 shares of the technology company’s stock worth $210,960,000 after buying an additional 419,533 shares during the last quarter. Jane Street Group LLC lifted its holdings in Koninklijke Philips by 107.2% during the 4th quarter. Jane Street Group LLC now owns 594,417 shares of the technology company’s stock worth $20,870,000 after buying an additional 307,500 shares during the last quarter. Deutsche Bank AG lifted its holdings in Koninklijke Philips by 1,326.9% during the 4th quarter. Deutsche Bank AG now owns 256,949 shares of the technology company’s stock worth $9,021,000 after buying an additional 238,942 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Koninklijke Philips during the 4th quarter worth about $4,972,000. Institutional investors own 4.24% of the company’s stock.
Shares of Koninklijke Philips stock traded up $0.26 on Wednesday, hitting $40.47. The stock had a trading volume of 263,272 shares, compared to its average volume of 808,652. Koninklijke Philips NV has a 52-week low of $32.98 and a 52-week high of $46.67. 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 company has a market capitalization of $37.38 billion, a P/E ratio of 19.46, a PEG ratio of 1.32 and a beta of 1.24.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.16. The firm had revenue of $4.71 billion during the quarter. Koninklijke Philips had a return on equity of 11.94% and a net margin of 6.10%. As a group, analysts forecast that Koninklijke Philips NV will post 2.11 earnings per share for the current year.
The business also recently disclosed an annual dividend, which will be paid on Thursday, June 13th. Shareholders of record on Tuesday, May 14th will be paid a dividend of $0.9601 per share. This represents a yield of 2.42%. The ex-dividend date is Monday, May 13th. Koninklijke Philips’s dividend payout ratio is presently 39.42%.
Separately, Zacks Investment Research raised Koninklijke Philips from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Koninklijke Philips presently has a consensus rating of “Hold” and an average price target of $46.00.
TRADEMARK VIOLATION NOTICE: “Koninklijke Philips NV (PHG) Holdings Lifted by Private Capital Group LLC” was published by Sundance Herald and is the property of of Sundance Herald. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://sundanceherald.com/2019/05/22/private-capital-group-llc-grows-position-in-koninklijke-philips-nv-phg.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.
See Also: Growth Stocks
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.