Dimensional Fund Advisors LP Sells 41,047 Shares of Koninklijke Philips N.V. $PHG

Dimensional Fund Advisors LP cut its position in shares of Koninklijke Philips N.V. (NYSE:PHG) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,383,855 shares of the technology company’s stock after selling 41,047 shares during the period. Dimensional Fund Advisors LP’s holdings in Koninklijke Philips were worth $120,108,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. acquired a new stake in Koninklijke Philips in the 3rd quarter valued at about $27,000. Whipplewood Advisors LLC grew its holdings in Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock worth $27,000 after purchasing an additional 896 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Koninklijke Philips during the fourth quarter worth approximately $31,000. CIBC Private Wealth Group LLC increased its position in Koninklijke Philips by 179.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock worth $34,000 after buying an additional 817 shares during the last quarter. Finally, Navalign LLC acquired a new position in Koninklijke Philips during the fourth quarter worth approximately $54,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $25.05 on Tuesday. Koninklijke Philips N.V. has a 52 week low of $24.82 and a 52 week high of $33.44. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 5.63 and a beta of 0.75. The company has a 50-day simple moving average of $26.70 and a 200 day simple moving average of $28.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.32.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Monday, July 27th. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. The firm had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $5 billion. Koninklijke Philips had a net margin of 5.49% and a return on equity of 13.51%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. On average, sell-side analysts predict that Koninklijke Philips N.V. will post 1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PHG. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Zacks Research cut Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings cut Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Reduce”.

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.