Nokia Corporation $NOK Stock Holdings Lessened by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its stake in Nokia Corporation (NYSE:NOK - Free Report) by 73.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,455 shares of the technology company's stock after selling 75,614 shares during the period. Atria Wealth Solutions Inc.'s holdings in Nokia were worth $145,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Allworth Financial LP raised its position in Nokia by 16.0% in the 1st quarter. Allworth Financial LP now owns 16,308 shares of the technology company's stock worth $79,000 after purchasing an additional 2,248 shares during the period. Capital Investment Counsel Inc boosted its stake in Nokia by 11.0% in the first quarter. Capital Investment Counsel Inc now owns 24,247 shares of the technology company's stock valued at $128,000 after acquiring an additional 2,400 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Nokia by 11.0% during the first quarter. Parallel Advisors LLC now owns 25,781 shares of the technology company's stock worth $136,000 after buying an additional 2,556 shares during the period. Mission Wealth Management LP raised its holdings in shares of Nokia by 2.9% during the first quarter. Mission Wealth Management LP now owns 91,067 shares of the technology company's stock worth $480,000 after purchasing an additional 2,593 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Nokia by 58.4% in the first quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock valued at $38,000 after buying an additional 2,651 shares in the last quarter. Institutional investors own 5.28% of the company's stock.

Nokia Price Performance

Shares of NYSE NOK traded up $0.0050 on Thursday, hitting $4.2450. The company's stock had a trading volume of 9,890,169 shares, compared to its average volume of 19,941,787. Nokia Corporation has a 12-month low of $3.91 and a 12-month high of $5.48. The company has a market capitalization of $22.84 billion, a price-to-earnings ratio of 21.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. The stock has a 50 day moving average of $4.69 and a 200-day moving average of $4.96.

Nokia (NYSE:NOK - Get Free Report) last posted 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). Nokia had a net margin of 5.30% and a return on equity of 8.36%. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm earned $0.06 EPS. The business's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Nokia Corporation will post 0.34 EPS for the current year.

Nokia Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, August 12th. Investors of record on Wednesday, July 30th were issued a $0.0317 dividend. This represents a dividend yield of 293.0%. The ex-dividend date of this dividend was Tuesday, July 29th. Nokia's dividend payout ratio (DPR) is 65.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NOK shares. JPMorgan Chase & Co. dropped their price objective on shares of Nokia from $6.50 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Wall Street Zen raised shares of Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.78.

Nokia Company 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.