Clean Yield Group Sells 84,248 Shares of Nokia Oyj (NYSE:NOK)

Clean Yield Group decreased its position in Nokia Oyj (NYSE:NOK - Free Report) by 17.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 399,033 shares of the technology company's stock after selling 84,248 shares during the period. Clean Yield Group's holdings in Nokia Oyj were worth $2,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. D.A. Davidson & CO. bought a new stake in Nokia Oyj in the fourth quarter valued at $46,000. Wealthstream Advisors Inc. bought a new stake in Nokia Oyj in the fourth quarter valued at $49,000. Formidable Asset Management LLC bought a new stake in Nokia Oyj in the fourth quarter valued at $49,000. Merit Financial Group LLC bought a new stake in Nokia Oyj in the first quarter valued at $54,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nokia Oyj in the fourth quarter valued at $58,000. Institutional investors own 5.28% of the company's stock.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.41 on Friday. Nokia Oyj has a 12 month low of $3.57 and a 12 month high of $5.48. The stock has a market cap of $29.50 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. 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 company's fifty day moving average price is $5.12 and its 200-day moving average price is $4.86.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the firm posted $0.09 EPS. The business's quarterly revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.0336 dividend. This represents a $0.13 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, May 5th. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. Nokia Oyj's payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on NOK shares. Wall Street Zen upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj 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.

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.