Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 41.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 743,003 shares of the communications equipment provider's stock after acquiring an additional 218,516 shares during the quarter. Natixis Advisors LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $5,989,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CFO4Life Group LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $127,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $1,012,000. EverSource Wealth Advisors LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 329.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 31,970 shares of the communications equipment provider's stock worth $258,000 after buying an additional 24,525 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider's stock worth $611,000 after buying an additional 2,763 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 11.9% in the 4th quarter. HighTower Advisors LLC now owns 115,728 shares of the communications equipment provider's stock valued at $933,000 after acquiring an additional 12,294 shares during the period. Institutional investors and hedge funds own 7.99% of the company's stock.

Remove Ads

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.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.06 during trading hours on Wednesday, hitting $8.18. 21,400,594 shares of the company traded hands, compared to its average volume of 17,027,492. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The firm has a market cap of $27.26 billion, a P/E ratio of -818,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. The firm's 50-day simple moving average is $8.08 and its two-hundred day simple moving average is $8.04. 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 quarterly earnings data 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 net margin of 0.06% and a return on equity of 13.70%. As a group, analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 25th. Stockholders of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is currently -1,700,000.00%.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

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.