GTS Securities LLC Has $187,000 Stock Position in Nokia Oyj (NYSE:NOK)

GTS Securities LLC lessened its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 79.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,134 shares of the technology company's stock after selling 161,917 shares during the quarter. GTS Securities LLC's holdings in Nokia Oyj were worth $187,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NOK. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the 4th quarter worth approximately $45,000. D.A. Davidson & CO. acquired a new position in Nokia Oyj during the fourth quarter worth $46,000. Wealthstream Advisors Inc. bought a new position in shares of Nokia Oyj during the fourth quarter valued at $49,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nokia Oyj in the 4th quarter valued at $58,000. Finally, Capital Advisors Inc. OK acquired a new stake in shares of Nokia Oyj in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 5.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NOK shares. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research report on Friday, February 21st. Wall Street Zen raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Price Performance

Shares of NYSE:NOK traded up $0.03 during midday trading on Tuesday, reaching $5.34. The company's stock had a trading volume of 13,278,734 shares, compared to its average volume of 18,068,401. The business's fifty day simple moving average is $5.11 and its 200-day simple moving average is $4.83. The company has a market capitalization of $29.12 billion, a P/E ratio of 21.36, a P/E/G ratio of 6.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a fifty-two week low of $3.57 and a fifty-two week high of $5.48.

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

Nokia Oyj Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $0.0336 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 2.52%. This is a positive change from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 5th. Nokia Oyj's dividend payout ratio (DPR) is presently 80.00%.

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.