Envestnet Portfolio Solutions Inc. grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 148.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,040 shares of the communications equipment provider's stock after purchasing an additional 35,234 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $476,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after buying an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $77,000. Valeo Financial Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $81,000. Endowment Wealth Management Inc. purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $94,000. 7.99% of the stock is owned by hedge funds and other institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.0 %
NASDAQ:ERIC traded down $0.08 during mid-day trading on Friday, reaching $7.78. The company's stock had a trading volume of 20,976,600 shares, compared to its average volume of 17,372,030. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.93 billion, a PE ratio of -778,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The stock has a fifty day moving average of $8.05 and a 200-day moving average of $8.05. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio is -1,700,000.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 24th.
Read Our Latest Stock Analysis on Telefonaktiebolaget LM Ericsson (publ)
About Telefonaktiebolaget LM Ericsson (publ)
(
Free Report)
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.
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