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

US Bancorp DE lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 434.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 1,464 shares during the last quarter. First Affirmative Financial Network lifted its position in 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 worth $324,000 after buying an additional 1,798 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the third quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock worth $264,000 after buying an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after acquiring an additional 2,172 shares during the last quarter. Finally, Pitcairn Co. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the third quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock worth $135,000 after acquiring an additional 2,279 shares in the last quarter. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.1 %

Shares of NASDAQ:ERIC opened at $8.21 on Wednesday. The company has a market cap of $27.36 billion, a PE ratio of -821,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. The stock’s 50-day moving average is $8.04 and its 200 day moving average is $7.95. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 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.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data 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%. Sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Shareholders of record on Thursday, March 27th were given 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 was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.