Cookson Peirce & Co. Inc. Sells 138,438 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Cookson Peirce & Co. Inc. lessened its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 58.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,243 shares of the communications equipment provider's stock after selling 138,438 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $808,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Checchi Capital Advisers LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider's stock worth $121,000 after buying an additional 1,464 shares during the period. First Affirmative Financial Network lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock worth $324,000 after acquiring an additional 1,798 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the third quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider's stock worth $264,000 after acquiring an additional 1,866 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock valued at $228,000 after purchasing an additional 2,172 shares in the last quarter. Finally, Pitcairn Co. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the 3rd quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider's stock valued at $135,000 after purchasing an additional 2,279 shares during the period. Hedge funds and other institutional investors own 7.99% of the company's stock.

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Telefonaktiebolaget LM Ericsson (publ) Price Performance

Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.20 during midday trading on Friday, reaching $8.66. 22,637,908 shares of the stock were exchanged, compared to its average volume of 18,243,402. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a market cap of $28.86 billion, a PE ratio of -866,000.00, a PEG ratio of 3.89 and a beta of 0.81. The company's fifty day moving average is $8.07 and its 200-day moving average is $7.97.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. On average, sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Saturday, March 8th. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date of this dividend 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 presently -1,700,000.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.

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.