XTX Topco Ltd Cuts Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

XTX Topco Ltd reduced its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 59.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 149,084 shares of the communications equipment provider’s stock after selling 220,305 shares during the period. XTX Topco Ltd’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ERIC. Charles Schwab Investment Management Inc. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 219,182 shares of the communications equipment provider’s stock valued at $1,661,000 after purchasing an additional 54,437 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 33.8% during the 3rd quarter. Captrust Financial Advisors now owns 24,867 shares of the communications equipment provider’s stock valued at $188,000 after buying an additional 6,278 shares during the period. HighTower Advisors LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 19.6% in the 3rd quarter. HighTower Advisors LLC now owns 103,434 shares of the communications equipment provider’s stock worth $782,000 after buying an additional 16,919 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 154.7% in the third quarter. MML Investors Services LLC now owns 56,837 shares of the communications equipment provider’s stock worth $431,000 after acquiring an additional 34,521 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at $601,000. 7.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com downgraded 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) Trading Up 2.2 %

Shares of ERIC stock opened at $7.45 on Tuesday. 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 company has a market cap of $24.83 billion, a price-to-earnings ratio of -745,000.00, a PEG ratio of 3.89 and a beta of 0.92. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90. The firm has a fifty day moving average price of $7.87 and a 200-day moving average price of $8.03.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company 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. This is a boost 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 -1,800,000.10%.

Telefonaktiebolaget LM Ericsson (publ) 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.