Nokia Oyj (NYSE:NOK) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its stake in Nokia Oyj (NYSE:NOK – Get Rating) by 16.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 481,272 shares of the technology company’s stock after purchasing an additional 68,611 shares during the period. LPL Financial LLC’s holdings in Nokia Oyj were worth $2,233,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Nokia Oyj by 18.9% in the 1st quarter. BlackRock Inc. now owns 4,795,249 shares of the technology company’s stock valued at $26,183,000 after buying an additional 763,930 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Nokia Oyj by 79.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,029,643 shares of the technology company’s stock worth $27,462,000 after purchasing an additional 2,221,142 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Nokia Oyj in the first quarter valued at $55,000. Sequoia Financial Advisors LLC lifted its position in Nokia Oyj by 44.9% in the first quarter. Sequoia Financial Advisors LLC now owns 62,728 shares of the technology company’s stock valued at $343,000 after acquiring an additional 19,430 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Nokia Oyj by 171.3% in the first quarter. NewEdge Advisors LLC now owns 33,493 shares of the technology company’s stock valued at $183,000 after acquiring an additional 21,146 shares during the last quarter. Institutional investors and hedge funds own 7.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NOK shares. TheStreet upgraded shares of Nokia Oyj from a “c+” rating to a “b-” rating in a research note on Wednesday, March 8th. StockNews.com lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. UBS Group lowered shares of Nokia Oyj from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 31st. Finally, Raymond James decreased their price objective on shares of Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday, April 21st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.73.

Nokia Oyj Stock Up 1.0 %

Shares of NOK opened at $4.05 on Monday. The firm has a market cap of $22.81 billion, a PE ratio of 5.13, a price-to-earnings-growth ratio of 5.17 and a beta of 0.97. The company’s fifty day moving average is $4.46 and its two-hundred day moving average is $4.63. Nokia Oyj has a fifty-two week low of $3.95 and a fifty-two week high of $5.28. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.17.

Nokia Oyj (NYSE:NOK – Get Rating) last announced its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Nokia Oyj had a net margin of 16.78% and a return on equity of 11.57%. The company had revenue of $5.86 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Analysts forecast that Nokia Oyj will post 0.44 earnings per share for the current year.

Nokia Oyj Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 9th. Shareholders of record on Tuesday, April 25th were issued a dividend of $0.0329 per share. This is a positive change from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, April 24th. Nokia Oyj’s dividend payout ratio (DPR) is currently 11.39%.

About Nokia Oyj

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Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.