Dimensional Fund Advisors LP Raises Position in Nokia Oyj (NYSE:NOK)

Dimensional Fund Advisors LP boosted its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,384,925 shares of the technology company's stock after acquiring 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 filing with the Securities and Exchange Commission.

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

Nokia Oyj Trading Up 1.0 %

NYSE:NOK traded up $0.05 during trading hours on Friday, reaching $5.08. 16,088,699 shares of the company were exchanged, compared to its average volume of 18,047,999. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 6.43 and a beta of 0.95. The stock has a 50 day simple moving average of $5.10 and a 200 day simple moving average of $4.76. Nokia Oyj has a 52-week low of $3.57 and a 52-week 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.

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 for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $4.98 billion during 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%. Nokia Oyj's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.0336 dividend. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date is Monday, May 5th. This represents a $0.13 annualized dividend and a yield of 2.65%. Nokia Oyj's dividend payout ratio (DPR) is presently 106.67%.

Wall Street Analyst Weigh In

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