Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by Amundi

Amundi boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 450,195 shares of the communications equipment provider’s stock after buying an additional 5,562 shares during the quarter. Amundi’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $3,741,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 2,840 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $77,000. Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $81,000. Alliance Wealth Advisors LLC UT acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $94,000. Finally, Sage Rhino Capital LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 3.8 %

NASDAQ ERIC opened at $8.20 on Monday. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The stock has a market cap of $27.33 billion, a price-to-earnings ratio of -820,000.00, a PEG ratio of 3.89 and a beta of 0.81. The firm’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $8.00.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted 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 anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared 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 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 payout ratio is currently -1,700,000.00%.

Wall Street Analysts Forecast Growth

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

About Telefonaktiebolaget LM Ericsson (publ)

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.