Captrust Financial Advisors Has $88,000 Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Captrust Financial Advisors decreased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,926 shares of the communications equipment provider’s stock after selling 13,941 shares during the quarter. Captrust Financial Advisors’ holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $88,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 275.3% in the fourth quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider’s stock valued at $394,000 after buying an additional 35,863 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider’s stock worth $14,475,000 after buying an additional 638,393 shares during the last quarter. Atria Investments Inc increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 370.6% during the fourth quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider’s stock worth $408,000 after buying an additional 39,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider’s stock worth $2,032,000 after buying an additional 32,982 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 41.4% in the fourth quarter. Northern Trust Corp now owns 1,771,321 shares of the communications equipment provider’s stock valued at $14,277,000 after purchasing an additional 519,029 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

ERIC has been the topic of a number of recent research reports. Wall Street Zen raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a report on Friday, April 11th. Finally, Kepler Capital Markets raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 16th.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.0%

ERIC opened at $8.77 on Friday. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.76 and a twelve month high of $9.00. 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 fifty day moving average of $8.03 and a 200-day moving average of $8.09. The stock has a market cap of $29.23 billion, a PE ratio of -877,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. On average, sell-side analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

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.