Salem Capital Management Inc. Has $2.54 Million Position in Koninklijke Philips NV (PHG)

Salem Capital Management Inc. increased its stake in shares of Koninklijke Philips NV (NYSE:PHG) by 0.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 79,091 shares of the company’s stock after buying an additional 212 shares during the period. Koninklijke Philips NV comprises 1.4% of Salem Capital Management Inc.’s portfolio, making the stock its 26th largest position. Salem Capital Management Inc.’s holdings in Koninklijke Philips NV were worth $2,540,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PHG. Johnston Asset Management LLC boosted its position in shares of Koninklijke Philips NV by 1.5% in the third quarter. Johnston Asset Management LLC now owns 479,447 shares of the company’s stock valued at $14,187,000 after buying an additional 6,917 shares during the period. World Asset Management Inc boosted its position in shares of Koninklijke Philips NV by 9.1% in the third quarter. World Asset Management Inc now owns 63,056 shares of the company’s stock valued at $1,866,000 after buying an additional 5,245 shares during the period. Capital One National Association boosted its position in shares of Koninklijke Philips NV by 1.4% in the third quarter. Capital One National Association now owns 10,577 shares of the company’s stock valued at $313,000 after buying an additional 150 shares during the period. Manning & Napier Advisors LLC boosted its position in shares of Koninklijke Philips NV by 0.8% in the third quarter. Manning & Napier Advisors LLC now owns 93,774 shares of the company’s stock valued at $2,774,000 after buying an additional 790 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Koninklijke Philips NV by 5.5% in the third quarter. Wells Fargo & Company MN now owns 1,934,629 shares of the company’s stock valued at $57,246,000 after buying an additional 101,047 shares during the period. 6.92% of the stock is owned by institutional investors and hedge funds.

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

Shares of Koninklijke Philips NV (NYSE:PHG) traded down 0.522% during trading on Thursday, hitting $31.455. The stock had a trading volume of 919,192 shares. Koninklijke Philips NV has a 12-month low of $23.00 and a 12-month high of $32.31. The stock has a market cap of $29.02 billion, a price-to-earnings ratio of 18.926 and a beta of 1.39. The stock’s 50-day moving average is $31.20 and its 200-day moving average is $29.98.

The firm also recently announced an annual dividend, which will be paid on Wednesday, June 14th. Investors of record on Tuesday, May 16th will be issued a $0.8634 dividend. This represents a yield of 2.95%. The ex-dividend date of this dividend is Friday, May 12th. This is a positive change from Koninklijke Philips NV’s previous annual dividend of $0.75. Koninklijke Philips NV’s dividend payout ratio is 43.86%.

ILLEGAL ACTIVITY WARNING: This story was first reported by sleekmoney and is the property of of sleekmoney. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://sleekmoney.com/salem-capital-management-inc-has-2-54-million-position-in-koninklijke-philips-nv-phg/1739289.html.

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

Koninklijke Philips NV Company Profile

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.

5 Day Chart for NYSE:PHG

Want to see what other hedge funds are holding PHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Koninklijke Philips NV (NYSE:PHG).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/salem-capital-management-inc-has-2-54-million-position-in-koninklijke-philips-nv-phg/1739289.html

Receive News & Ratings for Koninklijke Philips NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips NV and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *