It is currently trading at $41.69 slightly over the 50 day moving average which is $38.67 and a great deal higher than the 200 day moving average of $35.59. The 50 day moving average was up by +7.80% and the 200 day average moved up $6.10. (NYSE:PHG) shares saw light trading volume with 1,557K shares changing hands on Wednesday. Trading volume was down 27.08% under the stocks average daily volume.
Traders are feeling more bearish on the company lately as shown by the uptick in short interest. The stock recorded a rise in short interest of 13.93% between August 15, 2017 and August 31, 2017. Short shares grew 147,394 over that timeframe. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares was 0.00% on August 31.
These firms have modified their investment in PHG. As of quarter end Next Financial Group, Inc had disposed of 43 shares trimming its position 4.3%. The value of the company’s investment in Koninklijke Philips N.V. NY Reg went from $35,000 to $34,000,000 increasing 97,042.9% quarter to quarter. Chartwell Investment Partners, LLC downsized its holdings by shedding 94,000 shares a decrease of 12.9% as of 06/30/2017. Chartwell Investment Partners, LLC currently owns 632,065 shares valued at $22,641,000. The total value of its holdings decreased 2.9%.
Ubs Group Ag cut its stake by selling 115,748 shares a decrease of 31.9% from 03/31/2017 to 06/30/2017. Ubs Group Ag now controls 247,524 shares with a value of $8,866,000. The value of the position overall is down by 24.0%. One Capital Management, LLC divested its investment by shedding 451 shares a decrease of 0.7% in the quarter. One Capital Management, LLC claims 59,736 shares worth $2,140,000. The value of the position overall is up by 10.7%.
In the market the company is trading up by 0.26% percent from yesterday’s close. The company also recently announced a dividend for shareholders paid on Wednesday June 14th, 2017. The dividend payment was $0.215 per share for the quarter or $0.86 on an annualized basis. This dividend represents a yield of $2.10 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 12th of May 2017.
The most current P/E ratio is 22.16 and the market value is 39.07B.
Koninklijke Philips N.V., launched on November 14, 2000, is a health technology company. The Business’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company is the parent company of the Philips Group (Philips)..