Personal CFO Solutions LLC Makes New $198,000 Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Personal CFO Solutions LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,530 shares of the communications equipment provider’s stock, valued at approximately $198,000.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock worth $2,772,000 after acquiring an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 10,530 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock valued at $3,638,000 after purchasing an additional 239,651 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at approximately $3,032,000. Finally, Verition Fund Management LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% in the third quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock valued at $8,658,000 after purchasing an additional 73,320 shares during the period. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ:ERIC opened at $8.24 on Wednesday. The firm’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.99. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The firm has a market capitalization of $27.46 billion, a P/E ratio of -824,000.00, a PEG ratio of 3.89 and a beta of 0.81. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 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%. Analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Investors of record on Thursday, March 27th were paid 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 (DPR) is currently -1,700,000.00%.

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 note 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.