Atlas Capital Advisors Inc. Has $212,000 Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Atlas Capital Advisors Inc. increased its holdings in 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 period. Atlas Capital Advisors Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $212,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake 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 last quarter. SBI Securities Co. Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $77,000. Valeo Financial Advisors LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $81,000. Diametric Capital LP purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $85,000. Finally, Endowment Wealth Management Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $91,000. Institutional investors own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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) Stock Performance

Shares of ERIC opened at $6.97 on Friday. The stock has a 50 day moving average of $7.95 and a 200 day moving average of $8.05. The company has a market capitalization of $23.23 billion, a price-to-earnings ratio of -697,000.00, a PEG ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

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

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

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

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.