Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 75.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,388 shares of the communications equipment provider’s stock after acquiring an additional 24,643 shares during the period. Institute for Wealth Management LLC.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $362,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ERIC. Sequoia Financial Advisors LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 412.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 361,420 shares of the communications equipment provider’s stock valued at $2,277,000 after purchasing an additional 290,949 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 32.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 574,164 shares of the communications equipment provider’s stock valued at $3,617,000 after purchasing an additional 140,462 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 202.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 49,881 shares of the communications equipment provider’s stock valued at $291,000 after purchasing an additional 33,376 shares in the last quarter. BNP Paribas Arbitrage SNC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 2,162.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 33,870 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 32,373 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 301.6% during the 4th quarter. Cerity Partners LLC now owns 41,886 shares of the communications equipment provider’s stock valued at $264,000 after purchasing an additional 31,456 shares in the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Telefonaktiebolaget LM Ericsson (publ) stock opened at $5.10 on Friday. The firm’s 50-day moving average is $5.36 and its 200-day moving average is $5.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.22. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.33 and a 1 year high of $6.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.75% and a positive return on equity of 11.93%. The company had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $7.04 billion. During the same period last year, the firm posted $0.20 EPS. As a group, research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.4 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, April 5th were given a $0.1293 dividend. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, April 4th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -24.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ERIC shares. TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “d+” rating to a “c-” rating in a research note on Tuesday, January 9th. UBS Group downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Barclays downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.58.

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.