Sei Investments Co. Has $38.76 Million Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Sei Investments Co. grew its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 55.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,808,322 shares of the communications equipment provider’s stock after acquiring an additional 1,705,246 shares during the quarter. Sei Investments Co.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $38,755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Two Sigma Advisers LP lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after buying an additional 2,020,200 shares during the last quarter. US Bancorp DE lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 434.2% during the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider’s stock worth $7,806,000 after purchasing an additional 787,154 shares during the last quarter. Drum Hill Capital LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $5,773,000. FMR LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after buying an additional 463,415 shares during the period. Finally, Denali Advisors LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $3,705,000. Institutional investors own 7.99% of the company’s stock.

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.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.6 %

Shares of ERIC opened at $8.22 on Tuesday. The stock’s 50-day moving average price is $8.08 and its 200 day moving average price is $8.04. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of -822,000.00, a P/E/G ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued 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 net margin of 0.06% and a return on equity of 13.70%. As a group, research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 24th. 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 (DPR) is presently -1,700,000.00%.

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.