Two Sigma Advisers LP boosted its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 106.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 528,000 shares of the technology company's stock after acquiring an additional 272,000 shares during the quarter. Two Sigma Advisers LP's holdings in Nokia Oyj were worth $2,339,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in shares of Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock valued at $91,000 after purchasing an additional 2,509 shares during the last quarter. PDS Planning Inc grew its position in Nokia Oyj by 10.4% during the fourth quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock valued at $125,000 after buying an additional 2,665 shares during the period. Orion Portfolio Solutions LLC grew its position in Nokia Oyj by 4.3% during the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company's stock valued at $293,000 after buying an additional 2,722 shares during the period. PNC Financial Services Group Inc. increased its holdings in Nokia Oyj by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after buying an additional 3,398 shares during the last quarter. Finally, MGO One Seven LLC raised its position in Nokia Oyj by 14.8% in the fourth quarter. MGO One Seven LLC now owns 29,445 shares of the technology company's stock worth $130,000 after acquiring an additional 3,792 shares during the period. Institutional investors own 5.28% of the company's stock.
Analyst Ratings Changes
NOK has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective 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 upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research report 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. Based on data from MarketBeat, Nokia Oyj currently has a consensus rating of "Moderate Buy" and an average price target of $5.85.
Check Out Our Latest Analysis on Nokia Oyj
Nokia Oyj Price Performance
NYSE:NOK traded up $0.10 during trading hours on Monday, hitting $5.32. 13,333,328 shares of the stock traded hands, compared to its average volume of 18,084,203. The company has a market cap of $28.98 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. Nokia Oyj has a 1 year low of $3.57 and a 1 year high of $5.48. The stock has a 50 day moving average price of $5.11 and a 200 day moving average price of $4.83. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14.
Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. Sell-side analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.
Nokia Oyj Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.0336 dividend. 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. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.53%. Nokia Oyj's dividend payout ratio is 80.00%.
About Nokia Oyj
(
Free Report)
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.
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