JPMorgan Chase & Co. increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 55.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,795,967 shares of the communications equipment provider's stock after acquiring an additional 638,393 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of Telefonaktiebolaget LM Ericsson (publ) worth $14,475,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 55.0% during the fourth quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider's stock valued at $38,755,000 after buying an additional 1,705,246 shares during the period. US Bancorp DE boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 434.2% during the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider's stock valued at $7,806,000 after acquiring an additional 787,154 shares during the last quarter. Drum Hill Capital LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $5,773,000. Denali Advisors LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $3,705,000. Finally, Leuthold Group LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $3,403,000. 7.99% of the stock is owned by institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Price Performance
NASDAQ ERIC traded up $0.62 on Tuesday, reaching $8.07. 46,511,389 shares of the company's stock traded hands, compared to its average volume of 18,134,273. The stock has a market cap of $26.89 billion, a PE ratio of -807,000.00, a P/E/G ratio of 3.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The stock has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $8.03.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, 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 business also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a dividend of $0.1315 per share. 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 is currently -1,800,000.10%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research note on Friday.
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About Telefonaktiebolaget LM Ericsson (publ)
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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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