Mondrian Investment Partners LTD Makes New Investment in Koninklijke Philips N.V. $PHG

Mondrian Investment Partners LTD acquired a new position in Koninklijke Philips N.V. (NYSE:PHG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,906,426 shares of the technology company’s stock, valued at approximately $215,529,000. Koninklijke Philips comprises 3.6% of Mondrian Investment Partners LTD’s portfolio, making the stock its 6th biggest position.

A number of other institutional investors also recently made changes to their positions in PHG. Brandes Investment Partners LP grew its holdings 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 valued at $36,712,000 after purchasing an additional 538,715 shares during the last quarter. Investment Management Associates Inc. ADV purchased a new stake in Koninklijke Philips during the second quarter valued at about $12,122,000. Tower Research Capital LLC TRC boosted its position in Koninklijke Philips by 435.0% during the second quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock valued at $5,410,000 after buying an additional 183,444 shares during the period. ABC Arbitrage SA grew its stake in shares of Koninklijke Philips by 137.8% during the second quarter. ABC Arbitrage SA now owns 240,461 shares of the technology company’s stock valued at $5,766,000 after buying an additional 139,353 shares during the last quarter. Finally, Midwest Trust Co purchased a new position in shares of Koninklijke Philips in the second quarter worth about $3,033,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Trading Down 0.5%

Shares of PHG opened at $31.25 on Tuesday. Koninklijke Philips N.V. has a 1-year low of $21.48 and a 1-year high of $33.44. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $28.62 and its 200-day moving average price is $28.04. The firm has a market capitalization of $30.09 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 6.59 and a beta of 0.79.

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

Koninklijke Philips Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 13th will be paid a $1.013 dividend. This represents a dividend yield of 318.0%. The ex-dividend date is Wednesday, May 13th. This is a boost from Koninklijke Philips’s previous annual dividend of $0.89. Koninklijke Philips’s dividend payout ratio (DPR) is 77.36%.

Analyst Ratings Changes

PHG has been the topic of several analyst reports. Royal Bank Of Canada started coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They issued a “sector perform” rating on the stock. 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. Sanford C. Bernstein raised shares of Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of “Hold”.

About Koninklijke Philips

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.