Summit Securities Group LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 68,929 shares of the communications equipment provider's stock, valued at approximately $556,000.
Other large investors have also made changes to their positions in the company. Diversified Trust Co raised its position in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the 4th quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider's stock valued at $2,772,000 after purchasing an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock valued at $193,000 after buying an additional 10,530 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider's stock valued at $3,638,000 after buying an additional 239,651 shares during the last quarter. Paloma Partners Management Co bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter worth about $3,032,000. Finally, Verition Fund Management LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 6.9% in the 3rd quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider's stock valued at $8,658,000 after acquiring an additional 73,320 shares in the last quarter. Institutional investors own 7.99% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 24th.
View Our Latest Research Report on ERIC
Telefonaktiebolaget LM Ericsson (publ) Trading Down 2.8 %
Shares of NASDAQ ERIC traded down $0.22 during midday trading on Thursday, hitting $7.57. The stock had a trading volume of 20,344,957 shares, compared to its average volume of 17,472,272. The firm has a market cap of $25.23 billion, a P/E ratio of -757,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week 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 company's 50-day simple moving average is $7.99 and its 200 day simple moving average is $8.06.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings results 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 net margin of 0.06% and a return on equity of 13.70%. Research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.
Telefonaktiebolaget LM Ericsson (publ) Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid 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 payout ratio is -1,700,000.00%.
Telefonaktiebolaget LM Ericsson (publ) Profile
(
Free Report)
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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