Nokia Oyj (NYSE:NOK) Position Trimmed by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. decreased its holdings in shares of Nokia Oyj (NYSE:NOKGet Rating) by 13.7% in the 1st quarter, Holdings Channel reports. The firm owned 16,253 shares of the technology company’s stock after selling 2,585 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Nokia Oyj were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Credit Agricole S A bought a new stake in Nokia Oyj during the fourth quarter valued at $27,000. Nauset Wealth Management. LLC bought a new stake in Nokia Oyj during the first quarter valued at $27,000. Benjamin F. Edwards & Company Inc. increased its stake in Nokia Oyj by 406.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 6,468 shares of the technology company’s stock valued at $35,000 after purchasing an additional 5,192 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in Nokia Oyj during the fourth quarter valued at $56,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Nokia Oyj during the first quarter worth about $55,000. Institutional investors own 7.38% of the company’s stock.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $4.44 on Friday. Nokia Oyj has a twelve month low of $4.37 and a twelve month high of $6.40. The company has a current ratio of 1.60, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $25.02 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 5.85 and a beta of 0.83. The firm has a 50-day moving average of $4.98 and a two-hundred day moving average of $4.99.

Nokia Oyj Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Tuesday, July 26th were paid a dividend of $0.0205 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Monday, July 25th. Nokia Oyj’s dividend payout ratio is presently 8.82%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NOK shares. Kepler Capital Markets lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nokia Oyj from €5.50 ($5.61) to €6.00 ($6.12) and gave the stock a “buy” rating in a research report on Friday, July 22nd. Cheuvreux lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. Citigroup raised shares of Nokia Oyj from a “neutral” rating to a “buy” rating in a report on Tuesday, June 14th. Finally, Credit Suisse Group raised shares of Nokia Oyj from a “neutral” rating to an “outperform” rating in a report on Thursday, September 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Nokia Oyj presently has an average rating of “Moderate Buy” and a consensus target price of $6.23.

Nokia Oyj Profile

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Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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