Dimensional Fund Advisors LP Has $121.02 Million Holdings in Koninklijke Philips N.V. $PHG

Dimensional Fund Advisors LP cut its stake in Koninklijke Philips N.V. (NYSE:PHG) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,439,747 shares of the technology company’s stock after selling 56,606 shares during the period. Dimensional Fund Advisors LP owned approximately 0.46% of Koninklijke Philips worth $121,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PHG. Choreo LLC increased its holdings in shares of Koninklijke Philips by 12.7% during the 3rd quarter. Choreo LLC now owns 16,375 shares of the technology company’s stock worth $446,000 after purchasing an additional 1,851 shares during the period. AlphaCore Capital LLC lifted its stake in shares of Koninklijke Philips by 727.0% in the third quarter. AlphaCore Capital LLC now owns 14,216 shares of the technology company’s stock valued at $388,000 after buying an additional 12,497 shares during the period. Fox Run Management L.L.C. acquired a new stake in Koninklijke Philips during the third quarter worth about $875,000. Beverly Hills Private Wealth LLC grew its position in Koninklijke Philips by 3.5% during the third quarter. Beverly Hills Private Wealth LLC now owns 86,635 shares of the technology company’s stock worth $2,362,000 after buying an additional 2,899 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in Koninklijke Philips by 30.4% during the third quarter. NewEdge Wealth LLC now owns 90,399 shares of the technology company’s stock valued at $2,538,000 after acquiring an additional 21,078 shares during the period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $28.80 on Thursday. The firm has a market capitalization of $27.73 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 6.06 and a beta of 0.77. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.63. Koninklijke Philips N.V. has a 12-month low of $21.48 and a 12-month high of $33.44. The firm has a 50-day moving average price of $29.92 and a 200 day moving average price of $28.46.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.20. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%.The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.03 billion. Research analysts anticipate that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be paid a $1.013 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a yield of 318.0%. This is a positive change from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s payout ratio is presently 77.36%.

Wall Street Analyst Weigh In

PHG has been the subject of several recent research reports. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Royal Bank Of Canada assumed coverage on Koninklijke Philips in a research report on Wednesday, December 17th. They set a “sector perform” rating on the stock. Wall Street Zen lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Koninklijke Philips presently has a consensus rating of “Hold”.

Koninklijke Philips Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.