Cerity Partners LLC Sells 12,939 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Cerity Partners LLC lessened its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 14.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,033 shares of the communications equipment provider’s stock after selling 12,939 shares during the quarter. Cerity Partners LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $77,000. Valeo Financial Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $81,000. Diametric Capital LP purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $85,000. Finally, Endowment Wealth Management Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $91,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.9 %

NASDAQ ERIC opened at $8.17 on Monday. The stock’s 50-day simple moving average is $7.91 and its two-hundred day simple moving average is $8.05. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.00 and a twelve month high of $8.90. 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 $27.23 billion, a price-to-earnings ratio of -817,000.00, a PEG ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $55.83 billion. 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 fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were given a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -1,800,000.10%.

Wall Street Analysts Forecast Growth

ERIC has been the topic of a number of research analyst reports. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a research note on Friday, April 11th. Finally, Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 16th.

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.