Signaturefd LLC grew its position in shares of Nokia Oyj (NYSE:NOK – Get Rating) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,172 shares of the technology company’s stock after buying an additional 4,844 shares during the quarter. Signaturefd LLC’s holdings in Nokia Oyj were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in NOK. Buckingham Strategic Wealth LLC acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $44,000. Flputnam Investment Management Co. acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $248,000. Schechter Investment Advisors LLC lifted its holdings in Nokia Oyj by 55.7% in the 3rd quarter. Schechter Investment Advisors LLC now owns 38,377 shares of the technology company’s stock worth $164,000 after purchasing an additional 13,725 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in Nokia Oyj by 9.0% in the 3rd quarter. Yousif Capital Management LLC now owns 95,206 shares of the technology company’s stock worth $407,000 after purchasing an additional 7,900 shares during the last quarter. Finally, West Family Investments Inc. acquired a new stake in Nokia Oyj in the 3rd quarter worth approximately $137,000. 7.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms recently weighed in on NOK. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, November 1st. Morgan Stanley started coverage on Nokia Oyj in a report on Tuesday, November 8th. They set an “equal weight” rating for the company. Barclays cut their price target on Nokia Oyj from €5.60 ($6.02) to €5.30 ($5.70) in a report on Monday, October 24th. Raymond James upped their price target on Nokia Oyj from $6.50 to $7.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. Finally, Societe Generale cut their price target on Nokia Oyj from €5.80 ($6.24) to €5.40 ($5.81) and set a “buy” rating for the company in a report on Tuesday, October 25th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.88.
Nokia Oyj Stock Performance
NOK opened at $4.70 on Wednesday. The stock has a market cap of $26.47 billion, a PE ratio of 6.03, a P/E/G ratio of 5.76 and a beta of 0.90. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.20. Nokia Oyj has a 1 year low of $4.08 and a 1 year high of $5.85. The stock’s 50 day simple moving average is $4.78 and its 200-day simple moving average is $4.76.
Nokia Oyj (NYSE:NOK – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Nokia Oyj had a return on equity of 12.31% and a net margin of 16.73%. The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same period in the previous year, the business posted $0.15 earnings per share. Nokia Oyj’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts forecast that Nokia Oyj will post 0.46 EPS for the current year.
Nokia Oyj Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Shareholders of record on Tuesday, January 31st will be given a $0.0218 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.86%. This is a boost from Nokia Oyj’s previous quarterly dividend of $0.01. The ex-dividend date is Monday, January 30th. Nokia Oyj’s dividend payout ratio is 7.69%.
Nokia Oyj Profile
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
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