Koninklijke Philips (NYSE:PHG) Shares Gap Down – Should You Sell?

Koninklijke Philips N.V. (NYSE:PHG) shares gapped down before the market opened on Wednesday . The stock had previously closed at $27.12, but opened at $25.98. Koninklijke Philips shares last traded at $25.6190, with a volume of 331,189 shares traded.

Analyst Upgrades and Downgrades

PHG has been the subject of a number of research reports. Wall Street Zen cut Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Weiss Ratings cut Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 2nd. Finally, Zacks Research cut Koninklijke Philips from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

The stock has a 50 day simple moving average of $28.45 and a two-hundred day simple moving average of $28.43. The firm has a market cap of $25.40 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 6.64 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 1.32.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.20. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. Sell-side analysts expect that Koninklijke Philips N.V. will post 1.86 earnings per share for the current year.

Koninklijke Philips Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 13th will be paid a dividend of $1.013 per share. This represents a dividend yield of 318.0%. The ex-dividend date is Wednesday, May 13th. This is an increase from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s dividend payout ratio (DPR) is 81.13%.

Hedge Funds Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently modified their holdings of PHG. Whipplewood Advisors LLC increased its stake in shares of Koninklijke Philips by 923.7% in the 1st quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock valued at $27,000 after purchasing an additional 896 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Koninklijke Philips in the 3rd quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $31,000. CIBC Private Wealth Group LLC increased its stake in shares of Koninklijke Philips by 179.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after purchasing an additional 817 shares in the last quarter. Finally, Navalign LLC purchased a new position in shares of Koninklijke Philips in the 4th quarter valued at about $54,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

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.