Koninklijke Philips (NYSE:PHG) Shares Acquired by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. increased its position in Koninklijke Philips (NYSE:PHG) by 20.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,203 shares of the technology company’s stock after purchasing an additional 2,416 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Koninklijke Philips were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PHG. Capital Analysts LLC boosted its stake in Koninklijke Philips by 6.3% in the fourth quarter. Capital Analysts LLC now owns 8,820 shares of the technology company’s stock valued at $206,000 after acquiring an additional 521 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in Koninklijke Philips by 5.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 11,374 shares of the technology company’s stock valued at $265,000 after acquiring an additional 615 shares during the period. Fifth Third Bancorp raised its holdings in shares of Koninklijke Philips by 34.4% during the first quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock valued at $60,000 after buying an additional 770 shares during the last quarter. Bank of New Hampshire raised its holdings in Koninklijke Philips by 0.8% during the fourth quarter. Bank of New Hampshire now owns 117,280 shares of the technology company’s stock worth $2,736,000 after purchasing an additional 908 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Koninklijke Philips by 7.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,619 shares of the technology company’s stock valued at $318,000 after buying an additional 940 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PHG has been the topic of several research reports. StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. JPMorgan Chase & Co. upgraded shares of Koninklijke Philips from an “underweight” rating to a “neutral” rating in a research report on Tuesday, April 30th. BNP Paribas upgraded shares of Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 7th. UBS Group upgraded shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 30th. Finally, Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Koninklijke Philips currently has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

Koninklijke Philips stock traded down $0.10 on Friday, reaching $25.87. 594,536 shares of the stock were exchanged, compared to its average volume of 656,321. The stock has a market cap of $24.32 billion, a PE ratio of -26.95, a PEG ratio of 0.95 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. Koninklijke Philips has a twelve month low of $17.75 and a twelve month high of $29.44. The firm has a fifty day moving average price of $26.40 and a two-hundred day moving average price of $23.37.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $0.28 EPS for the quarter. The business had revenue of $4.49 billion during the quarter. Koninklijke Philips had a negative net margin of 4.41% and a positive return on equity of 9.82%. Sell-side analysts anticipate that Koninklijke Philips will post 1.5 EPS for the current year.

Koninklijke Philips Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, May 9th. Stockholders of record on Friday, May 10th were given a dividend of $0.9154 per share. This represents a dividend yield of 3.5%. The ex-dividend date was Thursday, May 9th. Koninklijke Philips’s dividend payout ratio is currently -95.83%.

About Koninklijke Philips

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.