Sequoia Financial Advisors LLC Purchases 290,949 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Sequoia Financial Advisors LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 412.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 361,420 shares of the communications equipment provider's stock after acquiring an additional 290,949 shares during the period. Sequoia Financial Advisors LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,277,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Planned Solutions Inc. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $38,000. 626 Financial LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $72,000. Dorsey & Whitney Trust CO LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 31.2% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider's stock worth $65,000 after purchasing an additional 3,201 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $103,000. Finally, First Affirmative Financial Network grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 22.0% during the fourth quarter. First Affirmative Financial Network now owns 24,086 shares of the communications equipment provider's stock worth $152,000 after acquiring an additional 4,351 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 2.8 %

Shares of NASDAQ:ERIC traded down $0.14 during midday trading on Friday, reaching $4.89. The company had a trading volume of 19,612,944 shares, compared to its average volume of 14,938,451. The company has a fifty day simple moving average of $5.41 and a two-hundred day simple moving average of $5.34. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of -6.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.20. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.33 and a 1-year high of $6.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.77% and a negative net margin of 9.82%. During the same period last year, the business earned $0.20 EPS. Research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.42 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, April 5th were paid a $0.1293 dividend. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.08. The ex-dividend date was Thursday, April 4th. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is currently -23.29%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ERIC shares. TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "d+" rating to a "c-" rating in a research report on Tuesday, January 9th. UBS Group cut Telefonaktiebolaget LM Ericsson (publ) from a "neutral" rating to a "sell" rating in a report on Wednesday, January 31st. Finally, Barclays lowered Telefonaktiebolaget LM Ericsson (publ) from an "equal weight" rating to an "underweight" rating in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) presently has a consensus rating of "Hold" and a consensus price target of $5.90.

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.