Endowment Wealth Management Inc. Buys New Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Endowment Wealth Management Inc. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 11,276 shares of the communications equipment provider’s stock, valued at approximately $91,000.

A number of other large investors have also modified their holdings of the stock. Diversified Trust Co grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock worth $2,772,000 after buying an additional 140,116 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock worth $193,000 after acquiring an additional 10,530 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock valued at $3,638,000 after purchasing an additional 239,651 shares during the last quarter. Paloma Partners Management Co acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter valued at $3,032,000. Finally, Verition Fund Management LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the 3rd quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock worth $8,658,000 after purchasing an additional 73,320 shares during the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Trading Down 2.9 %

Shares of ERIC stock opened at $8.41 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $8.08 and its two-hundred day moving average is $7.98. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a market capitalization of $28.03 billion, a P/E ratio of -841,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced 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 net margin of 0.06% and a return on equity of 13.70%. Equities analysts forecast 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 Monday, March 10th. Stockholders of record on Thursday, March 27th were given a dividend of $0.1315 per share. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -1,700,000.00%.

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.