Investors Research Corp lowered its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 50.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,683 shares of the communications equipment provider's stock after selling 44,869 shares during the quarter. Investors Research Corp's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $360,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider's stock worth $18,287,000 after acquiring an additional 463,415 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider's stock worth $15,402,000 after purchasing an additional 2,020,200 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of 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 buying an additional 73,320 shares in the last quarter. US Bancorp DE grew its position in shares of 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 valued at $7,806,000 after buying an additional 787,154 shares during the last quarter. Finally, Drum Hill Capital LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $5,773,000. Institutional investors and hedge funds own 7.99% of the company's stock.
Telefonaktiebolaget LM Ericsson (publ) Stock Performance
NASDAQ ERIC traded up $0.30 on Friday, reaching $8.20. The stock had a trading volume of 25,639,154 shares, compared to its average volume of 19,198,932. 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 stock has a market cap of $27.33 billion, a P/E ratio of -820,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The business's 50-day moving average price is $8.08 and its 200 day moving average price is $7.99. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts expect 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 announced a dividend, which will be paid on Friday, March 14th. Shareholders of record on Thursday, March 27th will be paid a $0.1315 dividend. This is an increase 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 -1,700,000.00%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.
View Our Latest Report on Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Company Profile
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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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