Ethic Inc. Grows Stock Position in Nokia Oyj (NYSE:NOK)

Ethic Inc. boosted its holdings in shares of Nokia Oyj (NYSE:NOK - Free Report) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,156 shares of the technology company's stock after acquiring an additional 92,644 shares during the period. Ethic Inc.'s holdings in Nokia Oyj were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Nokia Oyj by 15.3% in the 3rd quarter. Tidal Investments LLC now owns 52,596 shares of the technology company's stock valued at $230,000 after acquiring an additional 6,965 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Nokia Oyj by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company's stock valued at $1,935,000 after buying an additional 5,190 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company's stock valued at $3,191,000 after acquiring an additional 702,279 shares during the period. Aprio Wealth Management LLC acquired a new stake in shares of Nokia Oyj in the fourth quarter valued at approximately $82,000. Finally, Wedmont Private Capital purchased a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Analyst Ratings Changes

NOK has been the subject of several recent research reports. StockNews.com downgraded shares of Nokia Oyj from a "buy" rating to a "hold" rating in a report on Monday, May 5th. JPMorgan Chase & Co. lowered their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $5.85.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock traded up $0.03 during trading on Monday, reaching $5.22. The company's stock had a trading volume of 2,258,985 shares, compared to its average volume of 17,894,491. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The business's 50-day moving average price is $5.11 and its 200-day moving average price is $4.77. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market cap of $28.44 billion, a PE ratio of 20.86, a P/E/G ratio of 6.43 and a beta of 0.95.

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

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.0336 dividend. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 5th. This represents a $0.13 dividend on an annualized basis and a yield of 2.58%. Nokia Oyj's dividend payout ratio (DPR) is presently 80.00%.

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.