Quantbot Technologies LP Acquires 40,962 Shares of Koninklijke Philips (NYSE:PHG)

Quantbot Technologies LP grew its holdings in Koninklijke Philips (NYSE:PHG) by 237.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,202 shares of the technology company’s stock after purchasing an additional 40,962 shares during the period. Quantbot Technologies LP’s holdings in Koninklijke Philips were worth $1,474,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new stake in Koninklijke Philips during the 4th quarter valued at $60,000. Natixis Advisors LLC grew its position in shares of Koninklijke Philips by 3.7% in the fourth quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company’s stock valued at $18,769,000 after purchasing an additional 26,227 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of Koninklijke Philips by 4.9% during the 4th quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company’s stock valued at $23,260,000 after purchasing an additional 43,157 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Koninklijke Philips by 87.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company’s stock worth $56,266,000 after purchasing an additional 1,038,321 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Koninklijke Philips by 23.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,575 shares of the technology company’s stock worth $293,000 after purchasing an additional 2,219 shares during the period. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Down 0.1 %

Shares of NYSE PHG opened at $25.46 on Tuesday. 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 business has a 50-day moving average of $26.73 and a 200-day moving average of $27.68. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of -30.31, a PEG ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a 12 month low of $19.10 and a 12 month high of $32.91.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. Sell-side analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s dividend payout ratio is presently -89.29%.

Wall Street Analysts Forecast Growth

PHG has been the topic of a number of recent analyst reports. BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Koninklijke Philips presently has an average rating of “Moderate Buy”.

Koninklijke Philips 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.