Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,340 shares of the communications equipment provider’s stock after selling 1,867 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position 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 purchasing an additional 2,840 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $77,000. Valeo Financial Advisors LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $81,000. Endowment Wealth Management Inc. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at about $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $94,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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) Price Performance

ERIC stock opened at $7.86 on Friday. The business’s fifty day moving average price is $8.06 and its 200 day moving average price is $8.04. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $26.19 billion, a PE ratio of -786,000.00, a P/E/G ratio of 3.89 and a beta of 0.81.

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%. On average, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current 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 dividend of $0.1315 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is -1,700,000.00%.

About Telefonaktiebolaget LM Ericsson (publ)

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.