Centiva Capital LP Acquires Shares of 92,434 Nokia Oyj (NYSE:NOK)

Centiva Capital LP purchased a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 92,434 shares of the technology company's stock, valued at approximately $409,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $45,000. D.A. Davidson & CO. acquired a new position in Nokia Oyj in the fourth quarter valued at approximately $46,000. Wedmont Private Capital purchased a new stake in shares of Nokia Oyj in the 4th quarter valued at about $47,000. Wealthstream Advisors Inc. purchased a new position in shares of Nokia Oyj during the fourth quarter worth about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nokia Oyj during the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Stock Down 0.4%

NOK traded down $0.02 during midday trading on Tuesday, hitting $5.18. 12,142,463 shares of the company's stock traded hands, compared to its average volume of 18,000,909. Nokia Oyj has a one year low of $3.57 and a one year high of $5.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The stock's fifty day simple moving average is $5.11 and its 200-day simple moving average is $4.76. The company has a market cap of $28.24 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the business posted $0.09 EPS. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.0336 per share. This represents a $0.13 dividend on an annualized basis and a yield of 2.60%. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, May 5th. Nokia Oyj's dividend payout ratio is presently 106.67%.

Analyst Ratings Changes

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

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.