Forum Financial Management LP Raises Stake in Nokia Oyj (NYSE:NOK)

Forum Financial Management LP increased its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 100.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,570 shares of the technology company's stock after acquiring an additional 95,825 shares during the quarter. Forum Financial Management LP's holdings in Nokia Oyj were worth $849,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $45,000. D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $46,000. Wealthstream Advisors Inc. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $49,000. Formidable Asset Management LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $58,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on NOK shares. 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. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock 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. According to data from MarketBeat, Nokia Oyj has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Stock Performance

NYSE:NOK traded down $0.14 during midday trading on Friday, reaching $5.22. The stock had a trading volume of 12,025,708 shares, compared to its average volume of 18,020,949. The firm has a fifty day simple moving average of $5.11 and a two-hundred day simple moving average of $4.81. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The stock has a market cap of $28.44 billion, a P/E ratio of 20.82, a P/E/G ratio of 6.43 and a beta of 0.95.

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

Nokia Oyj Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.0336 per share. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Monday, May 5th. Nokia Oyj's payout ratio is presently 80.00%.

Nokia Oyj 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.