Nokia Oyj (NYSE:NOK) Stake Decreased by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 89.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,847 shares of the technology company's stock after selling 302,395 shares during the quarter. Simplicity Solutions LLC's holdings in Nokia Oyj were worth $116,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NOK. AE Wealth Management LLC lifted its holdings in shares of Nokia Oyj by 7.9% in the 3rd quarter. AE Wealth Management LLC now owns 48,136 shares of the technology company's stock valued at $180,000 after purchasing an additional 3,530 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in Nokia Oyj by 5.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 73,209 shares of the technology company's stock valued at $274,000 after acquiring an additional 3,636 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Nokia Oyj by 22.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company's stock valued at $76,000 after acquiring an additional 3,767 shares during the last quarter. First Affirmative Financial Network raised its stake in Nokia Oyj by 21.6% during the 3rd quarter. First Affirmative Financial Network now owns 23,107 shares of the technology company's stock valued at $86,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its stake in Nokia Oyj by 6.7% during the 3rd quarter. Gallacher Capital Management LLC now owns 68,152 shares of the technology company's stock valued at $255,000 after acquiring an additional 4,257 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Price Performance

Shares of NOK traded up $0.18 on Monday, reaching $3.70. The stock had a trading volume of 21,684,162 shares, compared to its average volume of 15,409,089. The firm has a market capitalization of $20.84 billion, a PE ratio of 23.13, a PEG ratio of 0.98 and a beta of 1.09. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $3.54 and a 200 day moving average of $3.47. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. During the same quarter in the prior year, the company earned $0.16 EPS. Sell-side analysts expect that Nokia Oyj will post 0.38 EPS for the current year.

Nokia Oyj Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Tuesday, April 23rd will be paid a $0.0323 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Monday, April 22nd. Nokia Oyj's payout ratio is currently 56.25%.

Analysts Set New Price Targets

Several analysts have commented on the company. BNP Paribas assumed coverage on Nokia Oyj in a research note on Friday, January 12th. They set a "neutral" rating for the company. Barclays downgraded Nokia Oyj from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 19th. JPMorgan Chase & Co. reduced their price objective on Nokia Oyj from $4.39 to $4.26 and set a "neutral" rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.42.

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.