Catalytic Wealth RIA LLC Increases Stock Position in Koninklijke Philips (NYSE:PHG)

Catalytic Wealth RIA LLC grew its stake in shares of Koninklijke Philips (NYSE:PHG) by 42.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,124 shares of the technology company’s stock after buying an additional 6,553 shares during the period. Catalytic Wealth RIA LLC’s holdings in Koninklijke Philips were worth $442,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. boosted its position in Koninklijke Philips by 20.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 14,203 shares of the technology company’s stock valued at $284,000 after buying an additional 2,416 shares during the last quarter. US Bancorp DE boosted its position in Koninklijke Philips by 8.0% in the 1st quarter. US Bancorp DE now owns 74,673 shares of the technology company’s stock valued at $1,493,000 after buying an additional 5,544 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Koninklijke Philips by 36.4% in the 1st quarter. Russell Investments Group Ltd. now owns 1,410,067 shares of the technology company’s stock valued at $28,201,000 after purchasing an additional 376,244 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Koninklijke Philips by 64.7% in the 1st quarter. QRG Capital Management Inc. now owns 160,616 shares of the technology company’s stock valued at $3,212,000 after purchasing an additional 63,113 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Koninklijke Philips in the 1st quarter valued at about $91,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research note on Tuesday, April 30th. BNP Paribas upgraded shares of Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upgraded shares of Koninklijke Philips from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 30th. Sanford C. Bernstein upgraded shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. Finally, StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock traded up $0.57 on Monday, hitting $26.44. The company had a trading volume of 645,614 shares, compared to its average volume of 1,046,111. The business has a 50-day simple moving average of $26.40 and a 200-day simple moving average of $23.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 0.78. The company has a market cap of $24.85 billion, a PE ratio of -26.95, a PEG ratio of 0.95 and a beta of 0.72. Koninklijke Philips has a 52 week low of $17.75 and a 52 week high of $29.44.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $4.49 billion during the quarter. Koninklijke Philips had a negative net margin of 4.41% and a positive return on equity of 9.82%. Research analysts expect that Koninklijke Philips will post 1.5 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, May 9th. Investors of record on Friday, May 10th were issued a dividend of $0.9154 per share. This represents a yield of 3.5%. The ex-dividend date was Thursday, May 9th. Koninklijke Philips’s payout ratio is -95.83%.

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.