Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 135.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 886,300 shares of the communications equipment provider's stock after buying an additional 510,231 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $7,144,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Sei Investments Co. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 55.0% during the 4th quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider's stock worth $38,755,000 after acquiring an additional 1,705,246 shares in the last quarter. FMR LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider's stock worth $18,287,000 after purchasing an additional 463,415 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider's stock valued at $15,402,000 after purchasing an additional 2,020,200 shares during the period. JPMorgan Chase & Co. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider's stock valued at $14,475,000 after purchasing an additional 638,393 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 434.2% in the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider's stock worth $7,806,000 after buying an additional 787,154 shares in the last quarter. 7.99% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Telefonaktiebolaget LM Ericsson (publ) Stock Down 6.8 %

Shares of NASDAQ:ERIC traded down $0.51 during midday trading on Friday, reaching $6.97. The company had a trading volume of 28,080,411 shares, compared to its average volume of 17,554,801. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The stock has a market capitalization of $23.23 billion, a P/E ratio of -697,000.00, a PEG ratio of 3.89 and a beta of 0.92. The stock's fifty day moving average price is $7.95 and its 200-day moving average price is $8.06.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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%. Equities research analysts expect 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 announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were given a $0.1315 dividend. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is presently -1,700,000.00%.

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.