Blue Trust Inc. Sells 29,504 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Blue Trust Inc. trimmed its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 62.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,403 shares of the communications equipment provider’s stock after selling 29,504 shares during the quarter. Blue Trust Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $140,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Marks Group Wealth Management Inc bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $111,000. International Private Wealth Advisors LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $108,000. XY Capital Ltd bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $200,000. Savant Capital LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 53.0% in the fourth quarter. Savant Capital LLC now owns 17,575 shares of the communications equipment provider’s stock worth $142,000 after purchasing an additional 6,090 shares during the period. Finally, D Orazio & Associates Inc. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $187,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

ERIC opened at $8.01 on Friday. The firm has a market cap of $26.69 billion, a P/E ratio of -801,000.00, a PEG ratio of 3.84 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The company has a 50 day simple moving average of $8.04 and a two-hundred day simple moving average of $7.85. 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 (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%. Equities analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.