Capital Fund Management S.A. Makes New Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Capital Fund Management S.A. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 382,341 shares of the communications equipment provider's stock, valued at approximately $3,082,000.

Several other hedge funds also recently modified their holdings of ERIC. Charles Schwab Investment Management Inc. boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 219,182 shares of the communications equipment provider's stock worth $1,661,000 after buying an additional 54,437 shares during the last quarter. Captrust Financial Advisors grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 33.8% during the third quarter. Captrust Financial Advisors now owns 24,867 shares of the communications equipment provider's stock valued at $188,000 after purchasing an additional 6,278 shares during the period. HighTower Advisors LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 19.6% in the third quarter. HighTower Advisors LLC now owns 103,434 shares of the communications equipment provider's stock worth $782,000 after purchasing an additional 16,919 shares during the period. MML Investors Services LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 154.7% in the 3rd quarter. MML Investors Services LLC now owns 56,837 shares of the communications equipment provider's stock valued at $431,000 after buying an additional 34,521 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter valued at $601,000. Institutional investors own 7.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ERIC. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a report on Friday, April 11th. Finally, Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 2.9 %

Shares of NASDAQ ERIC traded up $0.23 during midday trading on Friday, reaching $8.17. The company's stock had a trading volume of 26,277,917 shares, compared to its average volume of 17,945,795. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $5.00 and a fifty-two week high of $8.90. The stock has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $8.04. The stock has a market capitalization of $27.23 billion, a price-to-earnings ratio of -817,000.00, a PEG ratio of 3.89 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $55.83 billion. Equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is currently -1,800,000.10%.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.