87,839 Shares in Nokia Corporation $NOK Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 87,839 shares of Nokia Corporation, valued at approximately $455,000, in the 2nd quarter.
• BNP Paribas upgraded Nokia's rating from "neutral" to "outperform" with a price target of $5.00, contributing to a consensus average rating of "Moderate Buy" among analysts.
• Nokia's recent earnings report indicated a missing EPS estimate of $0.07, while the company reported revenue of $5.34 billion, exceeding analyst expectations of $4.82 billion.

Callan Family Office LLC acquired a new position in shares of Nokia Corporation (NYSE:NOK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 87,839 shares of the technology company's stock, valued at approximately $455,000.

Several other large investors have also recently modified their holdings of the company. Eagle Strategies LLC bought a new position in shares of Nokia during the 2nd quarter worth approximately $52,000. Bingham Private Wealth LLC bought a new position in shares of Nokia during the 2nd quarter worth approximately $82,000. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Nokia by 2.3% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 158,482 shares of the technology company's stock worth $821,000 after acquiring an additional 3,500 shares in the last quarter. Firethorn Wealth Partners LLC bought a new position in shares of Nokia during the 2nd quarter worth approximately $124,000. Finally, QRG Capital Management Inc. raised its stake in shares of Nokia by 2.5% during the 2nd quarter. QRG Capital Management Inc. now owns 927,657 shares of the technology company's stock worth $4,805,000 after acquiring an additional 22,841 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOK. BNP Paribas Exane upgraded shares of Nokia from a "neutral" rating to an "outperform" rating and set a $5.00 price target on the stock in a research note on Wednesday, September 3rd. BNP Paribas upgraded shares of Nokia from a "hold" rating to an "outperform" rating and set a $5.00 price target on the stock in a research note on Wednesday, September 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Nokia in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Nokia from $6.50 to $6.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $5.52.

Nokia Stock Up 4.1%

NYSE:NOK opened at $5.47 on Wednesday. The firm has a market capitalization of $29.41 billion, a P/E ratio of 27.33 and a beta of 0.85. Nokia Corporation has a 1-year low of $3.91 and a 1-year high of $5.50. The company's fifty day moving average price is $4.57 and its 200-day moving average price is $4.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $4.82 billion. Nokia had a return on equity of 8.36% and a net margin of 5.30%.The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Nokia Corporation will post 0.34 EPS for the current year.

Nokia 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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