Atlas Capital Advisors Inc. grew its stake in Nokia Corporation (NYSE:NOK - Free Report) by 103,656.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,817 shares of the technology company's stock after purchasing an additional 77,742 shares during the period. Atlas Capital Advisors Inc.'s holdings in Nokia were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of NOK. Allworth Financial LP lifted its stake in shares of Nokia by 16.0% in the 1st quarter. Allworth Financial LP now owns 16,308 shares of the technology company's stock valued at $79,000 after purchasing an additional 2,248 shares during the period. Capital Investment Counsel Inc lifted its stake in shares of Nokia by 11.0% in the 1st quarter. Capital Investment Counsel Inc now owns 24,247 shares of the technology company's stock valued at $128,000 after purchasing an additional 2,400 shares during the period. National Bank of Canada FI lifted its stake in shares of Nokia by 5.0% in the 1st quarter. National Bank of Canada FI now owns 50,603 shares of the technology company's stock valued at $266,000 after purchasing an additional 2,425 shares during the period. Parallel Advisors LLC lifted its stake in shares of Nokia by 11.0% in the 1st quarter. Parallel Advisors LLC now owns 25,781 shares of the technology company's stock valued at $136,000 after purchasing an additional 2,556 shares during the period. Finally, Mission Wealth Management LP lifted its stake in shares of Nokia by 2.9% in the 1st quarter. Mission Wealth Management LP now owns 91,067 shares of the technology company's stock valued at $480,000 after purchasing an additional 2,593 shares during the period. 5.28% of the stock is currently owned by institutional investors.
Nokia Stock Up 1.4%
Shares of NYSE NOK traded up $0.06 during mid-day trading on Wednesday, hitting $4.20. The company had a trading volume of 17,924,771 shares, compared to its average volume of 20,097,115. The company has a market capitalization of $22.60 billion, a PE ratio of 21.00 and a beta of 0.88. The firm has a 50-day simple moving average of $4.83 and a two-hundred day simple moving average of $4.98. The company has a current ratio of 1.46, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. Nokia Corporation has a one year low of $3.91 and a one year high of $5.48.
Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Nokia had a net margin of 5.30% and a return on equity of 8.36%. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the business earned $0.06 EPS. Nokia's revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Nokia Corporation will post 0.34 EPS for the current year.
Nokia Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, August 12th. Investors of record on Wednesday, July 30th were issued a dividend of $0.0317 per share. The ex-dividend date was Tuesday, July 29th. This represents a yield of 293.0%. Nokia's dividend payout ratio (DPR) is presently 60.00%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on NOK shares. JPMorgan Chase & Co. cut their price target on Nokia from $6.50 to $6.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 29th. Wall Street Zen upgraded Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Nokia presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.78.
Check Out Our Latest Stock Analysis on NOK
About Nokia
(
Free Report)
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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