Centiva Capital LP Makes New Investment in Nokia Oyj (NYSE:NOK)

Centiva Capital LP bought a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 92,434 shares of the technology company's stock, valued at approximately $409,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC acquired a new position in Nokia Oyj during the fourth quarter valued at $45,000. D.A. Davidson & CO. acquired a new position in Nokia Oyj during the fourth quarter valued at $46,000. Wedmont Private Capital acquired a new position in Nokia Oyj during the fourth quarter valued at $47,000. Wealthstream Advisors Inc. acquired a new position in Nokia Oyj during the fourth quarter valued at $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nokia Oyj during the fourth quarter valued at $58,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on NOK shares. JPMorgan Chase & Co. dropped their price target on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. StockNews.com lowered Nokia Oyj from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Nokia Oyj presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Stock Down 0.3%

NOK traded down $0.02 during midday trading on Friday, hitting $5.18. 5,408,940 shares of the company's stock traded hands, compared to its average volume of 17,879,190. The company has a market cap of $28.22 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. The stock's fifty day simple moving average is $5.10 and its 200-day simple moving average is $4.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a one year low of $3.57 and a one year high of $5.48.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The business's revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. As a group, equities analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.0336 per share. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.60%. Nokia Oyj's dividend payout ratio is currently 106.67%.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.