Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 41.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 743,003 shares of the communications equipment provider’s stock after buying an additional 218,516 shares during the quarter. Natixis Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $5,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC increased its holdings 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 valued at $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $77,000. Valeo Financial Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $81,000. Endowment Wealth Management Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $94,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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) Price Performance

Shares of NASDAQ ERIC opened at $8.17 on Friday. The firm has a market cap of $27.23 billion, a PE ratio of -817,000.00, a PEG ratio of 3.89 and a beta of 0.81. The firm has a fifty day moving average of $8.08 and a 200 day moving average of $8.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 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%. As a group, research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. 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 payout ratio is presently -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.