Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by Atria Investments Inc

Atria Investments Inc raised its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 370.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,651 shares of the communications equipment provider’s stock after purchasing an additional 39,889 shares during the period. Atria Investments Inc’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $408,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ERIC. Assetmark Inc. lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 694.8% in the fourth quarter. Assetmark Inc. now owns 98,413 shares of the communications equipment provider’s stock valued at $793,000 after acquiring an additional 86,031 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 15.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider’s stock valued at $2,032,000 after purchasing an additional 32,982 shares in the last quarter. Sage Rhino Capital LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $95,000. SBI Securities Co. Ltd. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $77,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth 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 in the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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) Price Performance

ERIC stock opened at $8.20 on Monday. The stock has a market capitalization of $27.33 billion, a price-to-earnings ratio of -820,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The stock’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $8.00. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly 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 return on equity of 13.70% and a net margin of 0.06%. Equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently announced a dividend, which was paid on Sunday, March 16th. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -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.