EverSource Wealth Advisors LLC Boosts Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

EverSource Wealth Advisors LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 329.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,970 shares of the communications equipment provider’s stock after purchasing an additional 24,525 shares during the period. EverSource Wealth Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider’s stock valued at $121,000 after acquiring an additional 1,464 shares during the last quarter. First Affirmative Financial Network raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 1,798 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the 3rd quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock valued at $264,000 after purchasing an additional 1,866 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 2,172 shares during the period. Finally, Pitcairn Co. raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% in the 3rd quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock worth $135,000 after buying an additional 2,279 shares during the period. 7.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 opened at $8.20 on Friday. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The company has a 50 day moving average of $8.08 and a two-hundred day moving average of $8.00. The company has a market cap of $27.33 billion, a P/E ratio of -820,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. 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 announced 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%. On average, analysts expect 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 declared a dividend, which was paid on Saturday, March 15th. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is currently -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.