US Bancorp DE Has $7.81 Million Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

US Bancorp DE raised its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 434.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 968,459 shares of the communications equipment provider's stock after purchasing an additional 787,154 shares during the quarter. US Bancorp DE's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $7,806,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. FMR LLC raised its position in Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider's stock valued at $18,287,000 after purchasing an additional 463,415 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider's stock worth $15,402,000 after acquiring an additional 2,020,200 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the third quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider's stock worth $8,658,000 after acquiring an additional 73,320 shares during the last quarter. Drum Hill Capital LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $5,773,000. Finally, Quantinno Capital Management LP raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 35.9% during the third quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider's stock worth $4,389,000 after acquiring an additional 153,084 shares during the last quarter. Institutional investors own 7.99% of the company's stock.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com downgraded 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) Trading Up 2.4 %

Shares of ERIC stock traded up $0.20 on Friday, reaching $8.66. 22,637,908 shares of the stock were exchanged, compared to its average volume of 18,243,402. The stock has a market cap of $28.86 billion, a PE ratio of -866,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. 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 50 day moving average price of $8.07 and a 200 day moving average price of $7.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its quarterly earnings data 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 net margin of 0.06% and a return on equity of 13.70%. Equities research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio is currently -1,700,000.00%.

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.