Natixis Advisors LLC Increases Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Natixis Advisors LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 743,003 shares of the communications equipment provider's stock after purchasing an additional 218,516 shares during the period. Natixis Advisors LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $5,989,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ERIC. 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 during the period. SBI Securities Co. Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $77,000. Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $81,000. Endowment Wealth Management Inc. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $91,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $94,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.2 %

Shares of NASDAQ:ERIC traded up $0.02 during trading on Tuesday, reaching $8.24. 18,807,801 shares of the stock were exchanged, compared to its average volume of 17,005,486. The firm's 50-day moving average price is $8.08 and its 200 day moving average price is $8.04. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of -824,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month 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.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released 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 return on equity of 13.70% and a net margin of 0.06%. On average, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Thursday, March 27th will be given a $0.1315 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is -1,700,000.00%.

Analyst Ratings Changes

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

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.