368,982 Shares in Nokia Oyj (NYSE:NOK) Bought by Lesa Sroufe & Co

Lesa Sroufe & Co bought a new position in Nokia Oyj (NYSE:NOK - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 368,982 shares of the technology company's stock, valued at approximately $1,945,000. Nokia Oyj accounts for about 1.9% of Lesa Sroufe & Co's holdings, making the stock its 20th largest holding.

Other hedge funds also recently bought and sold shares of the company. Hel Ved Capital Management Ltd bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $8,001,000. QRG Capital Management Inc. boosted its holdings in shares of Nokia Oyj by 29.9% during the 4th quarter. QRG Capital Management Inc. now owns 690,657 shares of the technology company's stock valued at $3,060,000 after purchasing an additional 158,935 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nokia Oyj by 14.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company's stock valued at $1,749,000 after purchasing an additional 48,509 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $2,116,000. Finally, Raymond James Financial Inc. bought a new position in shares of Nokia Oyj during the 4th quarter valued at about $2,961,000. Institutional investors own 5.28% of the company's stock.

Wall Street Analyst Weigh In

NOK has been the subject of several research reports. Wall Street Zen raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. 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. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Stock Up 2.2%

Shares of NYSE NOK opened at $5.31 on Tuesday. The firm's 50-day moving average price is $5.17 and its 200-day moving average price is $4.91. 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 stock has a market capitalization of $28.93 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 6.43 and a beta of 0.93. Nokia Oyj has a 12-month low of $3.60 and a 12-month high of $5.48.

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 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 analysts' expectations of $4.47 billion. During the same period last year, the company earned $0.09 earnings per share. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.0336 per share. The ex-dividend date was Monday, May 5th. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.54%. Nokia Oyj's dividend payout ratio (DPR) is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.