Aprio Wealth Management LLC Has $258,000 Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Aprio Wealth Management LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICFree Report) by 102.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,975 shares of the communications equipment provider’s stock after acquiring an additional 16,196 shares during the quarter. Aprio Wealth Management LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $258,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ERIC. Choreo LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter worth about $78,000. BOKF NA bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at approximately $41,000. Dimensional Fund Advisors LP raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 161,719 shares of the communications equipment provider’s stock worth $998,000 after purchasing an additional 19,562 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 102,448 shares of the communications equipment provider’s stock worth $632,000 after buying an additional 1,777 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 14.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 119,097 shares of the communications equipment provider’s stock valued at $735,000 after acquiring an additional 14,806 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ERIC. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Read Our Latest Research Report on Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.96 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.62. The business has a 50-day simple moving average of $8.17 and a 200 day simple moving average of $7.59. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of -265.33 and a beta of 0.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. On average, research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.44 earnings per share for the current fiscal year.

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.

Featured Stories

Want to see what other hedge funds are holding ERIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICFree Report).

Institutional Ownership by Quarter for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Receive News & Ratings for Telefonaktiebolaget LM Ericsson (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonaktiebolaget LM Ericsson (publ) and related companies with MarketBeat.com's FREE daily email newsletter.