Skba Capital Management LLC Lowers Stake in Koninklijke Philips N.V. $PHG

Skba Capital Management LLC cut its stake in Koninklijke Philips N.V. (NYSE:PHG) by 27.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 266,966 shares of the technology company’s stock after selling 99,395 shares during the period. Skba Capital Management LLC’s holdings in Koninklijke Philips were worth $7,277,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mondrian Investment Partners LTD purchased a new position in Koninklijke Philips in the 3rd quarter worth approximately $215,529,000. U.S. Capital Wealth Advisors LLC increased its stake in shares of Koninklijke Philips by 646.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 64,084 shares of the technology company’s stock worth $1,747,000 after buying an additional 55,497 shares during the period. Fox Run Management L.L.C. bought a new stake in Koninklijke Philips during the 3rd quarter valued at $875,000. Bessemer Group Inc. boosted its position in Koninklijke Philips by 125.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,443 shares of the technology company’s stock valued at $106,000 after buying an additional 2,470 shares during the period. Finally, Vise Technologies Inc. purchased a new position in shares of Koninklijke Philips in the second quarter valued at about $377,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PHG. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. Wall Street Zen lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Finally, Royal Bank Of Canada began coverage on shares of Koninklijke Philips in a research report on Wednesday, December 17th. They set a “sector perform” rating on the stock. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Koninklijke Philips presently has an average rating of “Hold”.

Koninklijke Philips Price Performance

Shares of PHG opened at $30.34 on Wednesday. Koninklijke Philips N.V. has a fifty-two week low of $21.48 and a fifty-two week high of $33.44. The firm’s 50-day simple moving average is $29.65 and its two-hundred day simple moving average is $28.39. The stock has a market cap of $29.21 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 6.52 and a beta of 0.77. 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 posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.20. The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. Analysts anticipate that Koninklijke Philips N.V. will post 1.63 earnings per share for the current fiscal year.

Koninklijke Philips Increases Dividend

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

Koninklijke Philips 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.