Nokia Oyj (NYSE:NOK) Shares Bought by Woodline Partners LP

Woodline Partners LP increased its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 125.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,000,442 shares of the technology company's stock after acquiring an additional 6,677,017 shares during the period. Woodline Partners LP owned approximately 0.22% of Nokia Oyj worth $53,162,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NOK. FMR LLC boosted its position in shares of Nokia Oyj by 62.3% during the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock worth $219,292,000 after buying an additional 19,004,399 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Nokia Oyj by 179.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company's stock worth $128,728,000 after buying an additional 18,660,482 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Nokia Oyj during the fourth quarter worth $53,481,000. Freestone Grove Partners LP purchased a new position in shares of Nokia Oyj during the fourth quarter worth $33,348,000. Finally, Slate Path Capital LP boosted its position in shares of Nokia Oyj by 15.6% during the fourth quarter. Slate Path Capital LP now owns 30,438,987 shares of the technology company's stock worth $134,845,000 after buying an additional 4,113,884 shares during the period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Stock Down 0.6%

NYSE:NOK traded down $0.03 during midday trading on Friday, reaching $5.33. The company had a trading volume of 12,311,682 shares, compared to its average volume of 18,061,135. The firm has a market capitalization of $29.06 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 6.43 and a beta of 0.95. The stock's fifty day simple moving average is $5.11 and its 200-day simple moving average is $4.79. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48. The company has a current ratio of 1.58, a quick ratio of 1.39 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $4.98 billion during 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 company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on NOK. JPMorgan Chase & Co. lowered their price target 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. Wall Street Zen upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a report on Wednesday. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

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.