Rep. Lisa C. McClain Sells Nokia Corporation (NYSE:NOK) Stock

Key Points

• Representative Lisa C. McClain sold shares of Nokia Corporation (NYSE:NOK) worth between $1,001 and $15,000 on June 17th, as disclosed in a filing on August 13th.
• Nokia's recent earnings report showed earnings per share (EPS) of $0.05, missing analyst estimates of $0.07, while revenues hit $5.34 billion, exceeding the expected $4.82 billion.
• Analysts have set a consensus rating of "Moderate Buy" for Nokia, with an average price target of $5.78 amidst recent stock trades and a dividend yield of 293.0% announced on August 12th.

Representative Lisa C. McClain (R-Michigan) recently sold shares of Nokia Corporation NYSE: NOK. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Nokia stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Nokia Stock Up 2.0%

Shares of NOK stock traded up $0.0850 during trading hours on Friday, hitting $4.3250. 14,581,743 shares of the company were exchanged, compared to its average volume of 17,853,664. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.46. Nokia Corporation has a one year low of $3.91 and a one year high of $5.48. The business's 50-day simple moving average is $4.66 and its two-hundred day simple moving average is $4.96. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 21.63 and a beta of 0.88.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $4.82 billion. Nokia had a return on equity of 8.36% and a net margin of 5.30%.The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. Sell-side analysts predict that Nokia Corporation will post 0.34 EPS for the current fiscal year.

Nokia Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, August 12th. Stockholders of record on Wednesday, July 30th were paid a dividend of $0.0317 per share. The ex-dividend date was Tuesday, July 29th. This represents a dividend yield of 293.0%. Nokia's dividend payout ratio (DPR) is currently 65.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOK shares. Wall Street Zen upgraded Nokia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price objective on Nokia from $6.50 to $6.00 and set an "overweight" rating for the company in a research note on Tuesday, July 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $5.78.

Institutional Trading of Nokia

Institutional investors and hedge funds have recently modified their holdings of the company. Artisan Partners Limited Partnership boosted its position in shares of Nokia by 1.8% in the second quarter. Artisan Partners Limited Partnership now owns 108,136,988 shares of the technology company's stock valued at $560,150,000 after acquiring an additional 1,957,524 shares during the period. Slate Path Capital LP boosted its position in shares of Nokia by 15.6% in the fourth quarter. Slate Path Capital LP now owns 30,438,987 shares of the technology company's stock valued at $134,845,000 after acquiring an additional 4,113,884 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Nokia by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 12,550,274 shares of the technology company's stock valued at $66,140,000 after acquiring an additional 1,002,033 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Nokia in the fourth quarter valued at approximately $53,481,000. Finally, Woodline Partners LP boosted its position in shares of Nokia by 125.4% in the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company's stock valued at $53,162,000 after acquiring an additional 6,677,017 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Nokia

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.