Charles Schwab Investment Management Inc. Purchases 32,982 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Charles Schwab Investment Management Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 institutional investors also recently added to or reduced their stakes in the stock. Sage Rhino Capital LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $95,000. SBI Securities Co. Ltd. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $77,000. Smartleaf Asset Management LLC raised its position 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 valued at $40,000 after acquiring an additional 2,840 shares in the last quarter. US Bancorp DE lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 434.2% in the fourth 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. Finally, Henry James International Management Inc. boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 2.4% in the 4th quarter. Henry James International Management Inc. now owns 290,624 shares of the communications equipment provider’s stock worth $2,342,000 after purchasing an additional 6,731 shares in the last quarter. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.78 on Friday. The firm has a market cap of $25.93 billion, a PE ratio of -778,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. 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 business has a 50-day moving average price of $8.05 and a 200 day moving average price of $8.05.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly 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%. Sell-side analysts predict 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 disclosed a dividend, which was paid on Thursday, March 27th. Shareholders 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 was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is -1,700,000.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a 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.