Forum Financial Management LP Boosts Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Forum Financial Management LP increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 264.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 274,585 shares of the communications equipment provider's stock after purchasing an additional 199,171 shares during the quarter. Forum Financial Management LP's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,213,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. GeoWealth Management LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in 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. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $77,000. Valeo Financial Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $81,000. Finally, Diametric Capital LP acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $85,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ERIC. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 17th. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their target price on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.8 %

NASDAQ ERIC traded down $0.07 during trading on Thursday, hitting $8.25. The stock had a trading volume of 21,471,000 shares, compared to its average volume of 18,088,125. 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 company has a market capitalization of $27.48 billion, a PE ratio of -823,500.00, a PEG ratio of 3.89 and a beta of 0.92. The firm has a 50 day moving average price of $7.93 and a 200 day moving average price of $8.06. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.00 and a twelve month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share 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 firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $55.83 billion. As a group, 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 company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were issued a $0.1315 dividend. This is a positive change 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 (DPR) is presently 360.00%.

About Telefonaktiebolaget LM Ericsson (publ)

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.