11,811 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Purchased by Sage Rhino Capital LLC

Sage Rhino Capital LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 11,811 shares of the communications equipment provider’s stock, valued at approximately $95,000.

A number of other large investors have also modified their holdings of ERIC. Diversified Trust Co increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the 4th quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock valued at $2,772,000 after buying an additional 140,116 shares during the period. Sanctuary Advisors LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 10,530 shares during the period. BNP Paribas Financial Markets increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock valued at $3,638,000 after buying an additional 239,651 shares during the period. Paloma Partners Management Co acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at about $3,032,000. Finally, US Bancorp DE increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% during the 3rd quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock valued at $1,374,000 after buying an additional 146,141 shares during the period. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analysts Set New Price Targets

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) Stock Up 0.7 %

Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.30 on Tuesday. The stock has a market cap of $27.66 billion, a price-to-earnings ratio of -830,000.00, a PEG ratio of 3.89 and a beta of 0.77. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $8.04 and its two-hundred day moving average price is $7.94. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90.

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 (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%. On average, analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. 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 dividend payout ratio (DPR) is presently -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.