21,805 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Acquired by Scotia Capital Inc.

Scotia Capital Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 21,805 shares of the communications equipment provider’s stock, valued at approximately $176,000.

Several other hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 401.1% in the fourth quarter. Renaissance Technologies LLC now owns 13,607,012 shares of the communications equipment provider’s stock valued at $109,673,000 after acquiring an additional 10,891,451 shares in the last quarter. Sei Investments Co. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 55.0% in the 4th quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider’s stock valued at $38,755,000 after purchasing an additional 1,705,246 shares in the last quarter. National Bank of Canada FI purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $23,440,000. JPMorgan Chase & Co. boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider’s stock worth $14,475,000 after purchasing an additional 638,393 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 196.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,177,361 shares of the communications equipment provider’s stock worth $9,490,000 after buying an additional 779,639 shares in the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of 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. StockNews.com lowered Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 8.3 %

Shares of NASDAQ:ERIC opened at $8.07 on Wednesday. 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 has a market cap of $26.89 billion, a price-to-earnings ratio of -807,000.00, a PEG ratio of 3.89 and a beta of 0.92. The stock’s 50-day moving average price is $7.88 and its two-hundred day moving average price is $8.03. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.82 and a 12-month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its 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 return on equity of 13.70% and a net margin of 0.06%. On average, research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio 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.