J.W. Cole Advisors Inc. decreased its holdings in shares of Nokia Oyj (NYSE:NOK – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Nokia Oyj (NOK)
- What Steelcase’s Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.