Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,812 shares of the communications equipment provider’s stock after purchasing an additional 2,763 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $611,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after buying an additional 463,415 shares during the period. Two Sigma Advisers LP boosted its position 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 worth $15,402,000 after buying an additional 2,020,200 shares during the period. Verition Fund Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the third 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 raised its position in Telefonaktiebolaget LM Ericsson (publ) by 434.2% during the fourth 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 period. Finally, Drum Hill Capital LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $5,773,000. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.5 %

NASDAQ ERIC opened at $8.24 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The firm’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $8.01. The company has a market capitalization of $27.46 billion, a PE ratio of -824,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted 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, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Sunday, March 16th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is currently -1,700,000.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a 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.