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

Clean Yield Group lessened its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 17.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 399,033 shares of the technology company's stock after selling 84,248 shares during the quarter. Clean Yield Group's holdings in Nokia Oyj were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. bought a new position in Nokia Oyj during the fourth quarter worth about $46,000. Wealthstream Advisors Inc. bought a new position in Nokia Oyj in the 4th quarter worth approximately $49,000. Formidable Asset Management LLC purchased a new position in Nokia Oyj in the 4th quarter valued at approximately $49,000. Merit Financial Group LLC bought a new stake in Nokia Oyj during the 1st quarter valued at $54,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nokia Oyj during the fourth quarter worth $58,000. Institutional investors own 5.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. 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. reduced their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Stock Down 1.3%

Shares of NYSE:NOK traded down $0.07 during trading on Wednesday, reaching $5.28. 10,195,121 shares of the stock traded hands, compared to its average volume of 18,082,325. Nokia Oyj has a 52-week low of $3.57 and a 52-week high of $5.48. The stock has a market cap of $28.79 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 6.43 and a beta of 0.93. The stock has a 50-day moving average of $5.13 and a two-hundred day moving average of $4.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

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 analysts' expectations of $4.47 billion. During the same period in the prior year, the company posted $0.09 earnings per share. The firm's quarterly revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.0336 dividend. This represents a $0.13 annualized dividend and a dividend yield of 2.55%. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 5th. Nokia Oyj's payout ratio is 80.00%.

About Nokia Oyj

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.