Jane Street Group LLC Has $1.17 Million Stake in Koninklijke Philips (NYSE:PHG)

Jane Street Group LLC decreased its stake in shares of Koninklijke Philips (NYSE:PHG) by 64.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,072 shares of the technology company’s stock after selling 82,614 shares during the period. Jane Street Group LLC’s holdings in Koninklijke Philips were worth $1,167,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Koninklijke Philips by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,290,051 shares of the technology company’s stock valued at $108,624,000 after acquiring an additional 85,994 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Koninklijke Philips by 87.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company’s stock valued at $56,266,000 after buying an additional 1,038,321 shares during the last quarter. Northern Trust Corp grew its stake in Koninklijke Philips by 36.6% in the 4th quarter. Northern Trust Corp now owns 1,608,749 shares of the technology company’s stock valued at $40,734,000 after buying an additional 430,757 shares during the last quarter. Causeway Capital Management LLC grew its stake in Koninklijke Philips by 24.0% in the 4th quarter. Causeway Capital Management LLC now owns 1,566,850 shares of the technology company’s stock valued at $39,673,000 after buying an additional 303,428 shares during the last quarter. Finally, Becker Capital Management Inc. grew its holdings in Koninklijke Philips by 0.7% in the 4th quarter. Becker Capital Management Inc. now owns 945,542 shares of the technology company’s stock valued at $23,941,000 after buying an additional 6,475 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $23.95 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The firm’s 50-day simple moving average is $24.48 and its 200-day simple moving average is $25.71. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.91. The firm has a market cap of $22.51 billion, a P/E ratio of -28.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.13. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. As a group, research analysts expect that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be paid a $0.886 dividend. 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 174.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PHG. UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock 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.