Envestnet Asset Management Inc. Has $9.49 Million Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Envestnet Asset Management Inc. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Free Report) by 196.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC.

The fund owned 1,177,361 shares of the communications equipment provider’s stock after purchasing an additional 779,639 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $9,490,000 as of its most recent filing with the SEC.



A number of other institutional investors have also made changes to their positions in ERIC. Diversified Trust Co grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the 4th quarter.

Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock valued at $2,772,000 after buying an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the third quarter.

Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock worth $193,000 after acquiring an additional 10,530 shares during the last quarter. Global Retirement Partners LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 275.3% during the fourth quarter.

Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider’s stock worth $394,000 after acquiring an additional 35,863 shares during the period. JPMorgan Chase & Co. raised its stake in 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 valued at $14,475,000 after purchasing an additional 638,393 shares during the last quarter.

Finally, Atria Investments Inc boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 370.6% in the 4th quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 39,889 shares during the period.

7.99% of the stock is currently owned by institutional investors. Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.

9 %Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.17 on Friday. The company’s fifty day moving average price is $7.

91 and its two-hundred day moving average price is $8.04. The firm has a market capitalization of $27.

23 billion, a PE ratio of -817,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.

92. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.00 and a 52-week high of $8.

90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.

17 and a quick ratio of 0.96. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th.

The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.

03. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $55.

83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.

70%. On average, analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases DividendThe business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid 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 -1,800,000.10%. Analysts Set New Price TargetsSeveral research analysts have recently issued reports on the stock.

StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Thursday. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday.

Finally, JPMorgan Chase & Co. raised their price objective on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.

80 and gave the stock a “neutral” rating in a research report on Friday, April 11th.View Our Latest Report on Telefonaktiebolaget LM Ericsson (publ)Telefonaktiebolaget LM Ericsson (publ) Profile (Free Report)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.

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