Financial Engines Advisors L.L.C. Makes New Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Financial Engines Advisors L.L.C. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 16,284 shares of the communications equipment provider’s stock, valued at approximately $131,000.

A number of other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 2,840 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $77,000. Valeo Financial Advisors LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $81,000. Endowment Wealth Management Inc. acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $91,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $94,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.78 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. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The stock has a market capitalization of $25.93 billion, a P/E ratio of -778,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The stock has a fifty day moving average of $8.05 and a 200-day moving average of $8.05.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its earnings results 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 return on equity of 13.70% and a net margin of 0.06%. On average, 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 business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1315 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -1,700,000.00%.

Analysts Set New Price Targets

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