Deutsche Bank AG Raises Holdings in Nokia Oyj (NYSE:NOK)

Deutsche Bank AG increased its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 0.07% of Nokia Oyj worth $16,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NOK. Foundations Investment Advisors LLC purchased a new position in Nokia Oyj during the 4th quarter valued at about $45,000. D.A. Davidson & CO. bought a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj during the fourth quarter valued at approximately $47,000. Wealthstream Advisors Inc. bought a new position in Nokia Oyj in the fourth quarter worth approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Nokia Oyj during the fourth quarter worth $58,000. 5.28% of the stock is currently owned by institutional investors.

Nokia Oyj Stock Performance

Shares of NOK opened at $5.10 on Thursday. 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 firm has a market cap of $27.81 billion, a PE ratio of 20.40, a P/E/G ratio of 6.43 and a beta of 0.95. Nokia Oyj has a 12 month low of $3.57 and a 12 month high of $5.48. The stock has a fifty day moving average price of $5.10 and a 200-day moving average price of $4.77.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $4.47 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The company's quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a dividend of $0.0336 per share. This represents a $0.13 annualized dividend and a yield of 2.64%. The ex-dividend date is Monday, May 5th. This is an increase from Nokia Oyj's previous quarterly dividend of $0.02. Nokia Oyj's payout ratio is currently 106.67%.

Wall Street Analyst Weigh In

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

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.

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