Cookson Peirce & Co. Inc. Has $808,000 Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Cookson Peirce & Co. Inc. lowered its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 58.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,243 shares of the communications equipment provider’s stock after selling 138,438 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ERIC. International Assets Investment Management LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter valued at $145,000. US Bancorp DE lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 415.6% during the 3rd quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock worth $1,374,000 after buying an additional 146,141 shares in the last quarter. QRG Capital Management Inc. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 174.3% during the 3rd quarter. QRG Capital Management Inc. now owns 516,387 shares of the communications equipment provider’s stock worth $3,914,000 after buying an additional 328,156 shares in the last quarter. Assetmark Inc. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock worth $94,000 after buying an additional 11,708 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter worth about $100,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC opened at $8.63 on Thursday. The stock has a market capitalization of $28.76 billion, a P/E ratio of -863,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year 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 business has a 50-day moving average price of $8.05 and a two-hundred day moving average price of $7.95.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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%. Equities analysts predict 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 Wednesday, March 5th. Stockholders of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date of this dividend 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 -1,700,000.00%.

Analyst Ratings Changes

Separately, StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) 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.