Deutsche Bank AG Acquires 408,312 Shares of Nokia Oyj (NYSE:NOK)

Deutsche Bank AG grew its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,737,855 shares of the technology company's stock after buying an additional 408,312 shares during the period. Deutsche Bank AG owned 0.07% of Nokia Oyj worth $16,559,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC boosted its position in Nokia Oyj by 14.0% during the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock worth $91,000 after purchasing an additional 2,509 shares during the period. PDS Planning Inc boosted its holdings in shares of Nokia Oyj by 10.4% during the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock worth $125,000 after buying an additional 2,665 shares during the period. Orion Portfolio Solutions LLC grew its stake in Nokia Oyj by 4.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company's stock valued at $293,000 after buying an additional 2,722 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Nokia Oyj by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after acquiring an additional 3,398 shares during the period. Finally, MGO One Seven LLC boosted its holdings in shares of Nokia Oyj by 14.8% during the fourth quarter. MGO One Seven LLC now owns 29,445 shares of the technology company's stock worth $130,000 after acquiring an additional 3,792 shares during the period. 5.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. StockNews.com cut Nokia Oyj from a "buy" rating to a "hold" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Trading Up 0.5%

NYSE:NOK traded up $0.03 on Tuesday, reaching $5.27. 3,735,090 shares of the stock traded hands, compared to its average volume of 17,875,706. The firm has a market capitalization of $28.71 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. Nokia Oyj has a 1-year low of $3.57 and a 1-year high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The company's 50 day moving average is $5.11 and its 200-day moving average is $4.78.

Nokia Oyj (NYSE:NOK - Get Free Report) last released 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 firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm earned $0.09 EPS. Nokia Oyj's quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.0336 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 5th. Nokia Oyj's dividend payout ratio is presently 80.00%.

Nokia Oyj Company 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.