Smartleaf Asset Management LLC Increases Position in Koninklijke Philips (NYSE:PHG)

Smartleaf Asset Management LLC lifted its position in shares of Koninklijke Philips (NYSE:PHG) by 177.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,489 shares of the technology company’s stock after buying an additional 2,871 shares during the period. Smartleaf Asset Management LLC’s holdings in Koninklijke Philips were worth $114,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC lifted its stake in shares of Koninklijke Philips by 1.1% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock valued at $1,300,000 after buying an additional 562 shares during the period. First Affirmative Financial Network lifted its stake in shares of Koninklijke Philips by 5.9% during the fourth quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock valued at $277,000 after buying an additional 611 shares during the period. GAMMA Investing LLC lifted its stake in shares of Koninklijke Philips by 6.3% during the fourth quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company’s stock valued at $278,000 after buying an additional 648 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Koninklijke Philips by 1.3% during the fourth quarter. Sanctuary Advisors LLC now owns 59,213 shares of the technology company’s stock valued at $1,660,000 after buying an additional 778 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Koninklijke Philips by 24.9% during the fourth quarter. Allworth Financial LP now owns 3,993 shares of the technology company’s stock valued at $105,000 after buying an additional 797 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $27.58 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a market cap of $25.93 billion, a P/E ratio of -32.84, 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 firm’s 50 day moving average is $26.51 and its two-hundred day moving average is $27.99.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Analysts expect that Koninklijke Philips will post 1.63 EPS for the current 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 $0.886 dividend. This represents a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 13th. 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.