Kovack Advisors Inc. Decreases Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Kovack Advisors Inc. lowered its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 81,757 shares of the communications equipment provider’s stock after selling 3,747 shares during the period. Kovack Advisors Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 151.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,712 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 13,683 shares during the period. International Assets Investment Management LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the third quarter worth about $145,000. Pinnacle Associates Ltd. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth about $363,000. US Bancorp DE boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock valued at $1,374,000 after acquiring an additional 146,141 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 174.3% in the third quarter. QRG Capital Management Inc. now owns 516,387 shares of the communications equipment provider’s stock valued at $3,914,000 after acquiring an additional 328,156 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.6 %

Shares of NASDAQ ERIC opened at $8.22 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The stock has a market capitalization of $27.39 billion, a PE ratio of -822,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The business’s fifty day moving average price is $8.04 and its 200-day moving average price is $7.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (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%. On average, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a boost 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 is presently -1,700,000.00%.

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.