Fox Run Management L.L.C. Purchases New Shares in Koninklijke Philips N.V. $PHG

Fox Run Management L.L.C. acquired a new stake in shares of Koninklijke Philips N.V. (NYSE:PHG) during the 3rd quarter, HoldingsChannel reports. The firm acquired 32,109 shares of the technology company’s stock, valued at approximately $875,000.

A number of other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in shares of Koninklijke Philips by 1.3% in the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after purchasing an additional 388 shares during the last quarter. Kitching Partners LLC grew its position in Koninklijke Philips by 4.2% in the 2nd quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock worth $270,000 after purchasing an additional 457 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Koninklijke Philips by 4.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after purchasing an additional 478 shares in the last quarter. Cetera Trust Company N.A increased its stake in Koninklijke Philips by 4.9% in the 2nd quarter. Cetera Trust Company N.A now owns 12,173 shares of the technology company’s stock valued at $292,000 after buying an additional 564 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Koninklijke Philips by 20.0% during the 3rd quarter. CWM LLC now owns 3,779 shares of the technology company’s stock worth $103,000 after buying an additional 629 shares in the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PHG shares. Royal Bank Of Canada started coverage on Koninklijke Philips in a research report on Wednesday, December 17th. They set a “sector perform” rating for the company. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE PHG opened at $32.07 on Friday. The company’s 50 day simple moving average is $29.38 and its two-hundred day simple moving average is $28.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 0.94. Koninklijke Philips N.V. has a 1 year low of $21.48 and a 1 year high of $33.44. The stock has a market capitalization of $30.88 billion, a PE ratio of 30.25, a P/E/G ratio of 6.59 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.20. The company had revenue of $5.98 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Koninklijke Philips had a net margin of 5.09% and a return on equity of 13.68%. Analysts predict that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be issued a dividend of $1.013 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a dividend yield of 318.0%. This is an increase from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s payout ratio is 77.36%.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.