Charles Schwab Investment Management Inc. Grows Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Charles Schwab Investment Management Inc. lifted its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 252,164 shares of the communications equipment provider's stock after acquiring an additional 32,982 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,032,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ERIC. Smartleaf Asset Management LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $77,000. Valeo Financial Advisors LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $81,000. Alliance Wealth Advisors LLC UT purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $94,000. Finally, Sage Rhino Capital LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $95,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC remained flat at $7.79 during trading on Wednesday. 25,292,088 shares of the company's stock traded hands, compared to its average volume of 17,458,423. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The firm's fifty day simple moving average is $7.99 and its 200 day simple moving average is $8.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The stock has a market cap of $25.96 billion, a P/E ratio of -779,000.00, a PEG ratio of 3.89 and a beta of 0.81.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) 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%. As a group, equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. 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 dividend payout ratio is presently -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.

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.