Koninklijke Philips NV (PHG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in Koninklijke Philips NV (NYSE:PHG) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,366,429 shares of the technology company’s stock after selling 329,080 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Koninklijke Philips NV worth $41,772,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Boston Partners bought a new stake in Koninklijke Philips NV during the third quarter worth $200,274,000. Morgan Stanley raised its stake in Koninklijke Philips NV by 5.7% in the third quarter. Morgan Stanley now owns 3,640,644 shares of the technology company’s stock worth $107,726,000 after buying an additional 196,331 shares in the last quarter. Wells Fargo & Company MN raised its stake in Koninklijke Philips NV by 5.5% in the third quarter. Wells Fargo & Company MN now owns 1,934,629 shares of the technology company’s stock worth $57,246,000 after buying an additional 101,047 shares in the last quarter. Becker Capital Management Inc. raised its stake in shares of Koninklijke Philips NV by 5,000.7% in the third quarter. Becker Capital Management Inc. now owns 839,019 shares of the technology company’s stock valued at $24,827,000 after buying an additional 822,570 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its stake in shares of Koninklijke Philips NV by 512,143.7% in the third quarter. BlackRock Investment Management LLC now owns 691,529 shares of the technology company’s stock valued at $20,462,000 after buying an additional 691,394 shares in the last quarter. Institutional investors own 6.92% of the company’s stock.

Institutional Ownership by Quarter for Koninklijke Philips NV (NYSE:PHG)

Koninklijke Philips NV (NYSE:PHG) traded up 0.25% during midday trading on Friday, hitting $32.65. The stock had a trading volume of 1,430,670 shares. The stock has a market cap of $30.12 billion, a price-to-earnings ratio of 19.69 and a beta of 1.39. Koninklijke Philips NV has a 12 month low of $23.00 and a 12 month high of $32.80. The stock has a 50 day moving average of $31.51 and a 200 day moving average of $30.06.

The business also recently disclosed an annual dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 16th will be given a dividend of $0.8634 per share. The ex-dividend date is Friday, May 12th. This is an increase from Koninklijke Philips NV’s previous annual dividend of $0.75. This represents a yield of 2.95%. Koninklijke Philips NV’s payout ratio is presently 43.86%.

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Several equities research analysts have weighed in on PHG shares. Zacks Investment Research downgraded Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Friday, January 27th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a research report on Tuesday, March 21st. Citigroup Inc reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a research report on Thursday, January 26th. Finally, Berenberg Bank started coverage on Koninklijke Philips NV in a research report on Tuesday, February 7th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $31.00.

About Koninklijke Philips NV

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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