QRG Capital Management Inc. Sells 1,890 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

QRG Capital Management Inc. lessened its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 514,497 shares of the communications equipment provider’s stock after selling 1,890 shares during the period. QRG Capital Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $4,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Checchi Capital Advisers LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 1,464 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 1,798 shares in the last quarter. D.A. Davidson & CO. raised its position in Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the 3rd quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock valued at $264,000 after buying an additional 1,866 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Pitcairn Co. boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the 3rd quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock worth $135,000 after acquiring an additional 2,279 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

ERIC opened at $8.26 on Friday. 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 business’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $7.92. The firm has a market capitalization of $27.51 billion, a PE ratio of -825,500.00, a PEG ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. As a group, sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Saturday, March 1st. Stockholders of record on Thursday, March 27th were given a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a 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.