One Capital Management LLC Has $6.84 Million Stock Holdings in Koninklijke Philips (NYSE:PHG)

One Capital Management LLC trimmed its stake in shares of Koninklijke Philips (NYSE:PHG) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,137 shares of the technology company’s stock after selling 10,232 shares during the quarter. One Capital Management LLC’s holdings in Koninklijke Philips were worth $6,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Wealth Asset Management LLC increased its position in Koninklijke Philips by 1.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock worth $1,300,000 after purchasing an additional 562 shares in the last quarter. First Affirmative Financial Network increased its position in Koninklijke Philips by 5.9% during the 4th quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock worth $277,000 after purchasing an additional 611 shares in the last quarter. GAMMA Investing LLC increased its position in Koninklijke Philips by 6.3% during the 4th quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company’s stock worth $278,000 after purchasing an additional 648 shares in the last quarter. Atria Investments Inc increased its position in Koninklijke Philips by 4.1% in the 4th quarter. Atria Investments Inc now owns 19,009 shares of the technology company’s stock valued at $481,000 after acquiring an additional 741 shares during the period. Finally, Sanctuary Advisors LLC increased its position in Koninklijke Philips by 1.3% in the 4th quarter. Sanctuary Advisors LLC now owns 59,213 shares of the technology company’s stock valued at $1,660,000 after acquiring an additional 778 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PHG has been the subject of several recent research reports. BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Trading Up 2.3 %

PHG opened at $27.16 on Thursday. Koninklijke Philips has a twelve month low of $19.10 and a twelve month high of $32.91. 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 fifty day moving average of $26.44 and a 200-day moving average of $28.01. The stock has a market cap of $25.52 billion, a PE ratio of -32.33, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77.

Koninklijke Philips (NYSE:PHG) last issued its earnings results 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). The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. On average, sell-side analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Koninklijke Philips Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be paid a dividend of $0.886 per share. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips’s dividend payout ratio is presently -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.