Franklin Resources Inc. Decreases Stake in Koninklijke Philips (NYSE:PHG)

Franklin Resources Inc. lessened its stake in shares of Koninklijke Philips (NYSE:PHG) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,857 shares of the technology company’s stock after selling 739 shares during the quarter. Franklin Resources Inc.’s holdings in Koninklijke Philips were worth $275,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its position in shares of Koninklijke Philips by 6.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,533 shares of the technology company’s stock valued at $748,000 after buying an additional 1,671 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Koninklijke Philips by 107.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 129,624 shares of the technology company’s stock valued at $3,282,000 after purchasing an additional 67,289 shares in the last quarter. Intrust Bank NA grew its holdings in Koninklijke Philips by 41.0% in the fourth quarter. Intrust Bank NA now owns 16,454 shares of the technology company’s stock worth $417,000 after purchasing an additional 4,781 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Koninklijke Philips by 38.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 13,497 shares of the technology company’s stock worth $342,000 after purchasing an additional 3,731 shares during the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd bought a new position in Koninklijke Philips in the 4th quarter valued at approximately $2,532,000. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Stock Down 0.4 %

NYSE:PHG opened at $23.62 on Friday. The company has a market cap of $22.20 billion, a PE ratio of -28.11, a P/E/G ratio of 0.82 and a beta of 0.81. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $25.48 and its two-hundred day moving average is $26.71. Koninklijke Philips has a twelve month low of $19.29 and a twelve month high of $32.91.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Analysts anticipate 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. Shareholders 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 payout ratio is -89.29%.

Analysts Set New Price Targets

Several analysts recently commented on PHG shares. Sanford C. Bernstein raised Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday, February 20th. Finally, BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.