Fox Run Management L.L.C. Has $459,000 Stock Position in Koninklijke Philips (NYSE:PHG)

Fox Run Management L.L.C. boosted its stake in shares of Koninklijke Philips (NYSE:PHG) by 190.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,109 shares of the technology company’s stock after buying an additional 11,872 shares during the quarter. Fox Run Management L.L.C.’s holdings in Koninklijke Philips were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 during the period. Bank of Montreal Can increased its stake in Koninklijke Philips by 2,883.5% during the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock valued at $32,157,000 after acquiring an additional 949,278 shares during the period. IHT Wealth Management LLC acquired a new position in Koninklijke Philips in the 3rd quarter valued at approximately $19,593,000. Raymond James Financial Inc. acquired a new position in Koninklijke Philips in the 4th quarter valued at approximately $10,655,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Koninklijke Philips by 315.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 245,729 shares of the technology company’s stock worth $8,040,000 after acquiring an additional 186,520 shares during the period. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Price Performance

Koninklijke Philips stock opened at $25.47 on Wednesday. The business has a 50 day simple moving average of $26.74 and a 200 day simple moving average of $27.64. Koninklijke Philips has a one year low of $19.10 and a one year high of $32.91. The company has a market capitalization of $23.94 billion, a PE ratio of -30.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74.

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

Koninklijke Philips Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.886 per share. The ex-dividend date is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s dividend payout ratio is -89.29%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 25th. Finally, UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Two investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

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.