Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by Diversified Trust Co

Diversified Trust Co grew its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 68.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 343,965 shares of the communications equipment provider’s stock after acquiring an additional 140,116 shares during the quarter. Diversified Trust Co’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,772,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ERIC. BOKF NA acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter worth approximately $41,000. Hexagon Capital Partners LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 3,924 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 37.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 9,029 shares of the communications equipment provider’s stock worth $56,000 after buying an additional 2,458 shares during the period. Vest Financial LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at $77,000. Finally, Choreo LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter valued at $78,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.2 %

NASDAQ ERIC opened at $8.17 on Wednesday. The company has a fifty day moving average of $8.18 and a 200 day moving average of $7.53. The company has a market capitalization of $27.23 billion, a PE ratio of -272.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.62.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.70.

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.