Two Sigma Securities LLC Sells 74,816 Shares of Nokia Oyj (NYSE:NOK)

Two Sigma Securities LLC lowered its position in shares of Nokia Oyj (NYSE:NOK - Free Report) by 65.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,985 shares of the technology company's stock after selling 74,816 shares during the period. Two Sigma Securities LLC's holdings in Nokia Oyj were worth $177,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOK. Foundations Investment Advisors LLC bought a new stake in Nokia Oyj in the fourth quarter valued at $45,000. D.A. Davidson & CO. purchased a new position in shares of Nokia Oyj during the fourth quarter valued at about $46,000. Wedmont Private Capital bought a new position in Nokia Oyj in the fourth quarter worth about $47,000. Wealthstream Advisors Inc. purchased a new stake in Nokia Oyj in the fourth quarter worth about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in Nokia Oyj during the 4th quarter valued at approximately $58,000. Institutional investors own 5.28% of the company's stock.

Nokia Oyj Trading Up 0.1 %

NYSE:NOK opened at $5.00 on Friday. Nokia Oyj has a 52 week low of $3.57 and a 52 week high of $5.48. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 6.43 and a beta of 0.97. The company's 50 day moving average price is $5.09 and its 200-day moving average price is $4.74. 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 posted its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The business had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.0336 per share. This represents a $0.13 annualized dividend and a dividend yield of 2.69%. This is a boost from Nokia Oyj's previous quarterly dividend of $0.02. The ex-dividend date is Monday, May 5th. Nokia Oyj's payout ratio is presently 53.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOK. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Craig Hallum boosted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Nokia Oyj has an average rating of "Moderate Buy" and a consensus target price of $5.85.

About Nokia Oyj

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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