Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lessened its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,819 shares of the communications equipment provider’s stock after selling 41,963 shares during the period. Koss Olinger Consulting LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,143,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 491.0% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 77,777 shares of the communications equipment provider’s stock worth $627,000 after acquiring an additional 64,616 shares during the period. Corient Private Wealth LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 25.7% during the 4th quarter. Corient Private Wealth LLC now owns 84,030 shares of the communications equipment provider’s stock valued at $677,000 after purchasing an additional 17,177 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 148.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 59,040 shares of the communications equipment provider’s stock valued at $476,000 after purchasing an additional 35,234 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 41.7% during the 4th quarter. Natixis Advisors LLC now owns 743,003 shares of the communications equipment provider’s stock valued at $5,989,000 after purchasing an additional 218,516 shares in the last quarter. Finally, CFO4Life Group LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $127,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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) Stock Performance

Shares of ERIC opened at $8.19 on Wednesday. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a 50-day moving average of $8.08 and a two-hundred day moving average of $8.01. The stock has a market cap of $27.29 billion, a price-to-earnings ratio of -819,000.00, a PEG ratio of 3.89 and a beta of 0.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its 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%. On average, equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -1,700,000.00%.

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.