Koss Olinger Consulting LLC Reduces Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Koss Olinger Consulting LLC lowered its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,819 shares of the communications equipment provider's stock after selling 41,963 shares during the quarter. Koss Olinger Consulting LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of 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 Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $77,000. Valeo Financial Advisors LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $81,000. Endowment Wealth Management Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $94,000. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.0 %

NASDAQ ERIC traded down $0.08 on Friday, hitting $8.17. The stock had a trading volume of 21,603,168 shares, compared to its average volume of 16,961,106. The business's fifty day moving average price is $8.08 and its 200 day moving average price is $8.03. The stock has a market cap of $27.23 billion, a price-to-earnings ratio of -817,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced 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 anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Sunday, March 23rd. Investors of record on Thursday, March 27th will be 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 is Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is presently -1,700,000.00%.

Analysts Set New Price Targets

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) 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.