Personal CFO Solutions LLC Acquires New Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Personal CFO Solutions LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,530 shares of the communications equipment provider’s stock, valued at approximately $198,000.

A number of other hedge funds have also made changes to their positions in the stock. Amundi grew its position in Telefonaktiebolaget LM Ericsson (publ) by 1.3% in the fourth quarter. Amundi now owns 450,195 shares of the communications equipment provider’s stock worth $3,741,000 after buying an additional 5,562 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 7.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 43,796 shares of the communications equipment provider’s stock worth $353,000 after buying an additional 3,052 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Telefonaktiebolaget LM Ericsson (publ) by 7.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 51,966 shares of the communications equipment provider’s stock worth $419,000 after buying an additional 3,726 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $2,998,000. Finally, Callan Family Office LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 2.0 %

Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.24 on Wednesday. The company has a 50 day moving average price of $8.08 and a 200 day moving average price of $7.99. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week 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 firm has a market capitalization of $27.46 billion, a price-to-earnings ratio of -824,000.00, a P/E/G ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 EPS 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%. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 11th. Investors of record on Thursday, March 27th were paid a $0.1315 dividend. 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 currently -1,700,000.00%.

Analyst Upgrades and Downgrades

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) 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.