Global Retirement Partners LLC raised its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 275.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,892 shares of the communications equipment provider's stock after buying an additional 35,863 shares during the period. Global Retirement Partners LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $394,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Diversified Trust Co boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider's stock worth $2,772,000 after acquiring an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock worth $193,000 after purchasing an additional 10,530 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider's stock valued at $3,638,000 after purchasing an additional 239,651 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at approximately $3,032,000. Finally, US Bancorp DE increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider's stock valued at $1,374,000 after purchasing an additional 146,141 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company's stock.
Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.6 %
NASDAQ:ERIC traded down $0.05 during trading hours on Thursday, reaching $8.22. 22,178,132 shares of the stock were exchanged, compared to its average volume of 16,924,777. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The business has a 50-day moving average of $8.03 and a two-hundred day moving average of $7.90. The company has a market capitalization of $27.39 billion, a price-to-earnings ratio of -822,000.00, a PEG ratio of 3.89 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its earnings results 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 return on equity of 13.70% and a net margin of 0.06%. On average, equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Thursday, March 27th will be issued a $0.1315 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is -1,700,000.00%.
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.
Get Our Latest Analysis on Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Company Profile
(
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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