Callan Family Office LLC Purchases Shares of 14,316 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Callan Family Office LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 14,316 shares of the communications equipment provider’s stock, valued at approximately $115,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $860,000. Aigen Investment Management LP acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $339,000. Atria Investments Inc boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 370.6% during the 4th quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 39,889 shares during the last quarter. Assetmark Inc. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 694.8% during the 4th quarter. Assetmark Inc. now owns 98,413 shares of the communications equipment provider’s stock valued at $793,000 after purchasing an additional 86,031 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider’s stock valued at $2,032,000 after purchasing an additional 32,982 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ ERIC opened at $8.24 on Wednesday. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The stock’s 50 day moving average price is $8.08 and its 200-day moving average price is $7.99. The company has a market capitalization of $27.46 billion, a PE ratio of -824,000.00, a PEG ratio of 3.89 and a beta of 0.81. 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 (publ) (NASDAQ:ERIC) last posted its quarterly 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 analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 11th. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is -1,700,000.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.