Sequoia Financial Advisors LLC Buys 2,763 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Sequoia Financial Advisors LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,812 shares of the communications equipment provider’s stock after purchasing an additional 2,763 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Advisers LP grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after buying an additional 2,020,200 shares during the last quarter. US Bancorp DE boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 434.2% during the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider’s stock valued at $7,806,000 after purchasing an additional 787,154 shares during the period. Drum Hill Capital LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $5,773,000. FMR LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after buying an additional 463,415 shares during the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $3,705,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ:ERIC opened at $8.24 on Tuesday. 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 firm has a 50-day moving average price of $8.08 and a 200 day moving average price of $8.01. The firm has a market capitalization of $27.46 billion, a PE ratio of -824,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued 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 net margin of 0.06% and a return on equity of 13.70%. Research analysts anticipate 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 Sunday, March 16th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -1,700,000.00%.

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.