Koninklijke Philips N.V. $PHG Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Koninklijke Philips N.V. (NYSE:PHG) by 28.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,322 shares of the technology company’s stock after acquiring an additional 24,706 shares during the quarter. JPMorgan Chase & Co.’s holdings in Koninklijke Philips were worth $3,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PHG. Johnson Financial Group Inc. acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth approximately $27,000. Root Financial Partners LLC acquired a new position in Koninklijke Philips during the 3rd quarter valued at approximately $83,000. CWM LLC grew its stake in Koninklijke Philips by 20.0% during the 3rd quarter. CWM LLC now owns 3,779 shares of the technology company’s stock worth $103,000 after buying an additional 629 shares during the last quarter. Jones Financial Companies Lllp increased its position in Koninklijke Philips by 51.0% in the third quarter. Jones Financial Companies Lllp now owns 4,781 shares of the technology company’s stock worth $128,000 after buying an additional 1,615 shares during the period. Finally, MMA Asset Management LLC bought a new stake in Koninklijke Philips in the third quarter valued at $147,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

PHG stock opened at $27.10 on Friday. The company has a 50-day simple moving average of $29.29 and a 200 day simple moving average of $28.39. The company has a market capitalization of $26.09 billion, a P/E ratio of 25.57, a PEG ratio of 7.04 and a beta of 0.81. 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 fifty-two week low of $21.48 and a fifty-two week high of $33.44.

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

Koninklijke Philips Increases Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be given a dividend of $1.013 per share. This is a boost from Koninklijke Philips’s previous annual dividend of $0.89. The ex-dividend date is Wednesday, May 13th. This represents a dividend yield of 318.0%. Koninklijke Philips’s payout ratio is 77.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PHG shares. Wall Street Zen cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings cut shares of Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Zacks Research upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Finally, Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Koninklijke Philips presently has an average rating of “Moderate Buy”.

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.