Nokia Oyj (NYSE:NOK) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,384,925 shares of the technology company's stock after purchasing an additional 57,615 shares during the period. Dimensional Fund Advisors LP owned 0.15% of Nokia Oyj worth $37,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NOK. FMR LLC raised its stake in Nokia Oyj by 62.3% during the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock worth $219,292,000 after purchasing an additional 19,004,399 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Nokia Oyj by 179.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company's stock worth $128,728,000 after buying an additional 18,660,482 shares during the period. Russell Investments Group Ltd. boosted its holdings in Nokia Oyj by 137.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,650,838 shares of the technology company's stock valued at $20,603,000 after acquiring an additional 2,691,546 shares during the last quarter. Sei Investments Co. grew its position in Nokia Oyj by 79.5% during the fourth quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company's stock valued at $19,656,000 after acquiring an additional 1,965,187 shares during the period. Finally, First Trust Advisors LP increased its stake in Nokia Oyj by 1.5% during the fourth quarter. First Trust Advisors LP now owns 3,158,420 shares of the technology company's stock worth $13,992,000 after acquiring an additional 45,553 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Up 0.5 %

NOK stock traded up $0.03 during mid-day trading on Wednesday, hitting $5.06. 17,820,640 shares of the company were exchanged, compared to its average volume of 17,925,497. The firm has a fifty day simple moving average of $5.10 and a 200 day simple moving average of $4.75. The company has a market capitalization of $27.56 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. Nokia Oyj has a twelve month low of $3.57 and a twelve month 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.

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

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.0336 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a dividend yield of 2.66%. Nokia Oyj's payout ratio is 106.67%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Nokia Oyj from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. lowered their price objective 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. 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 for the company. in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price 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.