Commonwealth Equity Services LLC Decreases Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Commonwealth Equity Services LLC trimmed its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 21.8% during the fourth quarter, Holdings Channel reports. The firm owned 50,911 shares of the communications equipment provider’s stock after selling 14,224 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $410,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 2,840 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $77,000. Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at $81,000. Endowment Wealth Management Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $94,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC stock opened at $6.97 on Monday. 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 12 month low of $4.77 and a 12 month high of $8.90. The company’s fifty day moving average price is $7.95 and its two-hundred day moving average price is $8.06. The firm has a market capitalization of $23.23 billion, a P/E ratio of -697,000.00, a P/E/G ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. On average, research 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 announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost 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%.

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.