Primecap Management Co. CA Has $372.94 Million Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Primecap Management Co. CA lessened its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,270,799 shares of the communications equipment provider’s stock after selling 1,511,200 shares during the period. Primecap Management Co. CA’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $372,943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ERIC. Two Sigma Advisers LP increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after purchasing an additional 2,020,200 shares in the last quarter. US Bancorp DE increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 434.2% in the fourth quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider’s stock valued at $7,806,000 after buying an additional 787,154 shares during the period. Drum Hill Capital LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at about $5,773,000. FMR LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $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 valued at about $3,705,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 0.5 %

Shares of ERIC stock opened at $8.24 on Tuesday. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of -824,000.00, a PEG ratio of 3.89 and a beta of 0.81. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $8.01. 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 has a 1-year low of $4.77 and a 1-year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing the consensus estimate 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%. On average, equities research analysts forecast 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 announced a dividend, which was paid on Sunday, March 16th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) 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.