US Bancorp DE Increases Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

US Bancorp DE grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 434.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 968,459 shares of the communications equipment provider’s stock after buying an additional 787,154 shares during the period. US Bancorp DE’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $7,806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $81,000. Assetmark Inc. increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 11,708 shares in the last quarter. Alliance Wealth Advisors LLC UT purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $94,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth about $100,000. Finally, Fulton Bank N.A. bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $102,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ ERIC opened at $8.21 on Wednesday. The firm has a market cap of $27.36 billion, a P/E ratio of -821,000.00, a PEG ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $8.04 and a 200 day moving average of $7.95.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted 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 return on equity of 13.70% and a net margin of 0.06%. As a group, research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 4th. 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 of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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) 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.