American Century Companies Inc. Has $6.62 Million Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

American Century Companies Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 820,859 shares of the communications equipment provider's stock after purchasing an additional 177,142 shares during the quarter. American Century Companies Inc.'s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $6,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Checchi Capital Advisers LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the 4th quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider's stock valued at $121,000 after buying an additional 1,464 shares in the last quarter. First Affirmative Financial Network boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% in the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock valued at $324,000 after purchasing an additional 1,798 shares in the last quarter. D.A. Davidson & CO. boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the 3rd quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider's stock valued at $264,000 after purchasing an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock worth $228,000 after purchasing an additional 2,172 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider's stock worth $611,000 after purchasing an additional 2,763 shares in the last quarter. 7.99% of the stock is currently owned by institutional investors.

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Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC traded down $0.13 during trading on Tuesday, hitting $6.77. The company's stock had a trading volume of 39,648,485 shares, compared to its average volume of 17,736,165. 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 stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of -677,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92. The firm's 50 day moving average price is $7.90 and its two-hundred day moving average price is $8.04. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a boost 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 dividend payout ratio is -1,700,000.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Company 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.