Koninklijke Philips (NYSE:PHG) Shares Gap Down to $26.19

Koninklijke Philips (NYSE:PHGGet Free Report)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $26.19, but opened at $25.65. Koninklijke Philips shares last traded at $25.58, with a volume of 93,710 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Koninklijke Philips from an “underweight” rating to a “neutral” rating in a research report on Tuesday, April 30th. UBS Group raised shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 30th. Sanford C. Bernstein raised shares of Koninklijke Philips from a “market perform” rating to an “outperform” rating in a research report on Monday, May 13th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Friday, May 24th. Finally, BNP Paribas raised shares of Koninklijke Philips from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Get Our Latest Stock Analysis on PHG

Koninklijke Philips Trading Down 2.4 %

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 stock’s 50-day moving average is $25.56 and its 200 day moving average is $22.90.

Koninklijke Philips (NYSE:PHGGet Free Report) last posted its earnings results on Monday, April 29th. The technology company reported $0.28 EPS for the quarter. The firm had revenue of $4.49 billion for the quarter. Koninklijke Philips had a negative net margin of 4.41% and a positive return on equity of 9.82%. On average, research analysts forecast that Koninklijke Philips will post 1.54 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

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

Institutional Trading of Koninklijke Philips

A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Koninklijke Philips by 13.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,534 shares of the technology company’s stock worth $151,000 after purchasing an additional 897 shares during the period. Cetera Advisors LLC acquired a new stake in Koninklijke Philips during the 1st quarter worth $273,000. Jane Street Group LLC boosted its stake in Koninklijke Philips by 361.7% during the 1st quarter. Jane Street Group LLC now owns 629,136 shares of the technology company’s stock worth $12,583,000 after purchasing an additional 492,881 shares during the period. London & Capital Asset Management Ltd boosted its stake in Koninklijke Philips by 12.1% during the 1st quarter. London & Capital Asset Management Ltd now owns 581,993 shares of the technology company’s stock worth $11,640,000 after purchasing an additional 62,656 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Koninklijke Philips by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 165,089 shares of the technology company’s stock worth $3,302,000 after acquiring an additional 5,951 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

About Koninklijke Philips

(Get Free Report)

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.

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