Henry James International Management Inc. Has $2.34 Million Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Henry James International Management Inc. boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 290,624 shares of the communications equipment provider’s stock after buying an additional 6,731 shares during the quarter. Henry James International Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 151.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 22,712 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 13,683 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at approximately $145,000. Pinnacle Associates Ltd. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth $363,000. US Bancorp DE increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock valued at $1,374,000 after purchasing an additional 146,141 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 174.3% in the third quarter. QRG Capital Management Inc. now owns 516,387 shares of the communications equipment provider’s stock valued at $3,914,000 after buying an additional 328,156 shares during the period. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

ERIC opened at $8.26 on Friday. The firm has a market cap of $27.51 billion, a P/E ratio of -825,500.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.77. The business’s fifty day moving average is $8.04 and its 200-day moving average is $7.91. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Sell-side 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 disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Thursday, March 27th were given a dividend of $0.1315 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is currently -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.