Intrust Bank NA Acquires 6,457 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Intrust Bank NA grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,200 shares of the communications equipment provider’s stock after purchasing an additional 6,457 shares during the quarter. Intrust Bank NA’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $380,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Diversified Trust Co grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the 4th 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 in the last quarter. Sanctuary Advisors LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 10,530 shares during the period. BNP Paribas Financial Markets raised its position in Telefonaktiebolaget LM Ericsson (publ) by 99.8% during the 3rd 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 in the last quarter. Paloma Partners Management Co bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter worth $3,032,000. Finally, Verition Fund Management LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the 3rd quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock worth $8,658,000 after buying an additional 73,320 shares in the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC opened at $7.78 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of -778,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $8.06. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data 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, sell-side analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were given a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -1,700,000.00%.

Wall Street Analyst Weigh In

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) 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.