Harrington Investments INC Sells 1,799 Shares of Koninklijke Philips (NYSE:PHG)

Harrington Investments INC trimmed its stake in Koninklijke Philips (NYSE:PHG) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,036 shares of the technology company’s stock after selling 1,799 shares during the period. Harrington Investments INC’s holdings in Koninklijke Philips were worth $609,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PHG. Sequoia Financial Advisors LLC raised its holdings in shares of Koninklijke Philips by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 8,932 shares of the technology company’s stock worth $226,000 after acquiring an additional 384 shares during the period. Dorsey & Whitney Trust CO LLC raised its position in Koninklijke Philips by 3.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 11,401 shares of the technology company’s stock valued at $289,000 after purchasing an additional 427 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Koninklijke Philips by 1.1% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 51,331 shares of the technology company’s stock worth $1,300,000 after acquiring an additional 562 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of Koninklijke Philips by 37.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after acquiring an additional 582 shares in the last quarter. Finally, First Affirmative Financial Network grew its position in shares of Koninklijke Philips by 5.9% in the 4th quarter. First Affirmative Financial Network now owns 10,950 shares of the technology company’s stock valued at $277,000 after buying an additional 611 shares during the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

Shares of NYSE PHG opened at $26.76 on Friday. The company has a market capitalization of $25.15 billion, a price-to-earnings ratio of -31.85, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a twelve month low of $19.10 and a twelve month high of $32.91. The business has a 50 day simple moving average of $26.65 and a 200-day simple moving average of $27.88. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The business had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.10 billion. As a group, equities research analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current 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. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips’s dividend payout ratio is presently -89.29%.

Analyst Ratings Changes

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

Koninklijke Philips Profile

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.