Atlas Capital Advisors Inc. Acquires 3,802 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Atlas Capital Advisors Inc. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,246 shares of the communications equipment provider’s stock after acquiring an additional 3,802 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ERIC. Diversified Trust Co lifted its holdings in shares of 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 period. Sanctuary Advisors LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock worth $193,000 after buying an additional 10,530 shares during the period. Global Retirement Partners LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 275.3% in the 4th quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider’s stock valued at $394,000 after buying an additional 35,863 shares during the last quarter. Atria Investments Inc increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 370.6% in the fourth quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider’s stock valued at $408,000 after buying an additional 39,889 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider’s stock worth $2,032,000 after acquiring an additional 32,982 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC opened at $6.97 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $7.95 and its two-hundred day simple moving average is $8.05. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The stock has a market capitalization of $23.23 billion, a P/E ratio of -697,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81.

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

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is currently -1,700,000.00%.

Telefonaktiebolaget LM Ericsson (publ) Company 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.