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

Primecap Management Co. CA trimmed its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,270,799 shares of the communications equipment provider’s stock after selling 1,511,200 shares during the quarter. Primecap Management Co. CA owned 1.39% of Telefonaktiebolaget LM Ericsson (publ) worth $372,943,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ERIC. Two Sigma Advisers LP lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares during the period. US Bancorp DE lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 434.2% during the 4th quarter. US Bancorp DE now owns 968,459 shares of the communications equipment provider’s stock valued at $7,806,000 after acquiring an additional 787,154 shares during the period. Drum Hill Capital LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $5,773,000. FMR LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after acquiring an additional 463,415 shares during the period. Finally, Denali Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $3,705,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC stock opened at $8.24 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a market cap of $27.46 billion, a P/E ratio of -824,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. The business has a fifty day simple moving average of $8.08 and a 200 day simple moving average of $8.01.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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, sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Sunday, March 16th. Investors of record on Thursday, March 27th were given a dividend of $0.1315 per share. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is currently -1,700,000.00%.

Analyst Upgrades and Downgrades

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.

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.