HighTower Advisors LLC Raises Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

HighTower Advisors LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 115,728 shares of the communications equipment provider’s stock after purchasing an additional 12,294 shares during the quarter. HighTower Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Endowment Wealth Management Inc. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $91,000. Retirement Solution LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $113,000. Personal CFO Solutions LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $198,000. Amundi increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 1.3% during the fourth quarter. Amundi now owns 450,195 shares of the communications equipment provider’s stock valued at $3,741,000 after acquiring an additional 5,562 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 7.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 43,796 shares of the communications equipment provider’s stock valued at $353,000 after purchasing an additional 3,052 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

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.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 3.9 %

Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.86 on Friday. 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 stock has a market capitalization of $26.19 billion, a PE ratio of -786,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The business has a 50 day simple moving average of $8.06 and a 200-day simple moving average of $8.04. 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) last announced its 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 return on equity of 13.70% and a net margin of 0.06%. On average, analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is -1,700,000.00%.

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.