Koninklijke Philips (NYSE:PHG) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Koninklijke Philips (NYSE:PHG) from a buy rating to a hold rating in a research note published on Saturday.

A number of other research analysts have also weighed in on the stock. Zacks Research lowered shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Weiss Ratings raised shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Royal Bank Of Canada began coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They issued a “sector perform” rating for the company. Finally, Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Koninklijke Philips Stock Down 0.5%

NYSE:PHG opened at $31.25 on Friday. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $33.44. The stock has a 50-day moving average price of $28.53 and a two-hundred day moving average price of $28.00. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 7.23 and a beta of 0.79. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.20. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%.The company had revenue of $5.98 billion for the quarter, compared to analyst estimates of $5.03 billion. As a group, equities analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current year.

Koninklijke Philips Increases Dividend

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

Hedge Funds Weigh In On Koninklijke Philips

Hedge funds have recently modified their holdings of the stock. Mondrian Investment Partners LTD bought a new stake in Koninklijke Philips during the third quarter worth about $215,529,000. Brandes Investment Partners LP increased its position in shares of Koninklijke Philips by 54.3% during the 2nd quarter. Brandes Investment Partners LP now owns 1,530,918 shares of the technology company’s stock worth $36,712,000 after purchasing an additional 538,715 shares during the last quarter. Investment Management Associates Inc. ADV bought a new stake in shares of Koninklijke Philips during the 2nd quarter worth approximately $12,122,000. Morgan Stanley raised its stake in shares of Koninklijke Philips by 11.0% during the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock worth $76,958,000 after purchasing an additional 282,661 shares in the last quarter. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Koninklijke Philips in the 3rd quarter valued at approximately $5,434,000. 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.