Two Sigma Investments LP lifted its holdings in shares of Koninklijke Philips NV (NYSE:PHG) by 323.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 623,387 shares of the technology company’s stock after acquiring an additional 476,065 shares during the quarter. Two Sigma Investments LP owned 0.07% of Koninklijke Philips worth $23,564,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PHG. Ameriprise Financial Inc. increased its position in shares of Koninklijke Philips by 263.4% during the third quarter. Ameriprise Financial Inc. now owns 1,492,082 shares of the technology company’s stock valued at $62,344,000 after acquiring an additional 1,081,468 shares during the last quarter. Renaissance Technologies LLC increased its position in Koninklijke Philips by 283.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,085,178 shares of the technology company’s stock worth $41,020,000 after buying an additional 802,100 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Koninklijke Philips by 19.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,362,424 shares of the technology company’s stock worth $164,900,000 after buying an additional 696,075 shares during the last quarter. MD Sass Investors Services Inc. increased its position in Koninklijke Philips by 124.2% in the fourth quarter. MD Sass Investors Services Inc. now owns 1,004,555 shares of the technology company’s stock worth $37,974,000 after buying an additional 556,440 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Koninklijke Philips in the third quarter worth $18,600,000. 6.77% of the stock is owned by institutional investors.
A number of analysts have issued reports on the company. Zacks Investment Research raised Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, January 11th. ValuEngine downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Berenberg Bank raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.50.
Koninklijke Philips (NYSE:PHG) last released its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.59. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.42 billion. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The business’s revenue for the quarter was down 26.8% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. equities analysts predict that Koninklijke Philips NV will post 2.32 EPS for the current fiscal year.
The business also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 8th will be given a $0.9917 dividend. The ex-dividend date of this dividend is Monday, May 7th. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. This represents a dividend yield of 2.43%. Koninklijke Philips’s payout ratio is 35.96%.
Koninklijke Philips Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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