National Bank of Canada FI Takes Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

National Bank of Canada FI purchased a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,908,168 shares of the communications equipment provider’s stock, valued at approximately $23,440,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth approximately $77,000. Valeo Financial Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $81,000. Endowment Wealth Management Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $91,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $94,000. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 4.0 %

NASDAQ ERIC opened at $7.48 on Friday. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week 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 company has a market capitalization of $24.93 billion, a P/E ratio of -748,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The stock’s 50-day moving average price is $7.97 and its 200-day moving average price is $8.06.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results 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 return on equity of 13.70% and a net margin of 0.06%. On average, equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current 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 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%.

Analyst Ratings Changes

Separately, StockNews.com cut 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) 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.