Stifel Financial Corp Lowers Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Stifel Financial Corp decreased its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 299,475 shares of the communications equipment provider's stock after selling 31,132 shares during the period. Stifel Financial Corp's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 11.1% in the third quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider's stock valued at $229,000 after purchasing an additional 3,026 shares in the last quarter. GAMMA Investing LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 33.7% during the 4th quarter. GAMMA Investing LLC now owns 14,082 shares of the communications equipment provider's stock worth $114,000 after purchasing an additional 3,548 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $2,298,000. Diversified Trust Co boosted its holdings in 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 purchasing an additional 140,116 shares during the last quarter. Finally, Fulton Bank N.A. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at about $102,000. Institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC stock traded up $0.04 during trading on Wednesday, reaching $8.37. 19,053,306 shares of the company's stock traded hands, compared to its average volume of 18,506,219. The firm's 50-day moving average is $7.98 and its 200 day moving average is $8.08. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.22 and a 1 year high of $8.90. The company has a market capitalization of $27.88 billion, a P/E ratio of -836,500.00, a PEG ratio of 3.89 and a beta of 0.96. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company 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%. Equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ERIC shares. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 17th. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. raised their price objective on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research note on Friday, April 11th.

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.