Colonial Trust Co SC Has $36,000 Position in Koninklijke Philips (NYSE:PHG)

Colonial Trust Co SC lifted its holdings in Koninklijke Philips (NYSE:PHG) by 724.0% during the fourth quarter, HoldingsChannel reports. The firm owned 1,409 shares of the technology company’s stock after purchasing an additional 1,238 shares during the period. Colonial Trust Co SC’s holdings in Koninklijke Philips were worth $36,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Koninklijke Philips during the third quarter worth approximately $54,000. JPMorgan Chase & Co. increased its position in Koninklijke Philips by 315.0% during the third 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. Bar Harbor Wealth Management raised its stake in Koninklijke Philips by 2.1% during the 4th quarter. Bar Harbor Wealth Management now owns 308,157 shares of the technology company’s stock valued at $7,803,000 after purchasing an additional 6,281 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Koninklijke Philips by 16.8% in the 4th quarter. Park Avenue Securities LLC now owns 19,867 shares of the technology company’s stock valued at $503,000 after purchasing an additional 2,862 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its position in Koninklijke Philips by 1.1% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock worth $1,300,000 after purchasing an additional 562 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PHG. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Sanford C. Bernstein raised Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, BNP Paribas raised Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Koninklijke Philips Stock Up 2.0 %

Shares of PHG opened at $24.54 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $25.94. The stock has a market cap of $23.07 billion, a price-to-earnings ratio of -29.21, a P/E/G ratio of 0.82 and a beta of 0.81. Koninklijke Philips has a 12 month low of $21.48 and a 12 month high of $32.91.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.14 by $0.13. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. Koninklijke Philips’s quarterly revenue was down 1.0% on a year-over-year basis. Equities analysts predict that Koninklijke Philips will post 1.63 EPS 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 given a dividend of $0.886 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th. Koninklijke Philips’s dividend payout ratio (DPR) is currently -89.29%.

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.