Sei Investments Co. Acquires 1,705,246 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Sei Investments Co. lifted its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 55.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,808,322 shares of the communications equipment provider's stock after purchasing an additional 1,705,246 shares during the quarter. Sei Investments Co. owned about 0.14% of Telefonaktiebolaget LM Ericsson (publ) worth $38,755,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position 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 worth $40,000 after purchasing an additional 2,840 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $77,000. Valeo Financial Advisors LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $81,000. Endowment Wealth Management Inc. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $94,000. Institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.0 %

Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.08 during trading hours on Friday, hitting $7.78. The company had a trading volume of 20,976,600 shares, compared to its average volume of 17,372,030. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The firm has a market cap of $25.93 billion, a P/E ratio of -778,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. The company has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $8.05. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (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%. On average, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were given a dividend of $0.1315 per share. This is an increase from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio is presently -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 research report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) 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.