First Republic Investment Management Inc. increased its position in Nokia Oyj (NYSE:NOK – Get Rating) by 971.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,245 shares of the technology company’s stock after buying an additional 117,179 shares during the quarter. First Republic Investment Management Inc.’s holdings in Nokia Oyj were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in shares of Nokia Oyj by 43.7% during the 3rd quarter. Renaissance Technologies LLC now owns 3,469,380 shares of the technology company’s stock worth $18,908,000 after purchasing an additional 1,055,643 shares during the period. CWM LLC purchased a new position in shares of Nokia Oyj in the 4th quarter valued at $48,000. Natixis Advisors L.P. lifted its holdings in shares of Nokia Oyj by 140.7% during the 4th quarter. Natixis Advisors L.P. now owns 414,491 shares of the technology company’s stock valued at $2,578,000 after acquiring an additional 242,267 shares in the last quarter. NewEdge Wealth LLC purchased a new stake in Nokia Oyj during the 4th quarter worth $88,000. Finally, Private Capital Group LLC increased its holdings in Nokia Oyj by 127.6% in the 4th quarter. Private Capital Group LLC now owns 11,927 shares of the technology company’s stock valued at $74,000 after purchasing an additional 6,687 shares in the last quarter. 16.25% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on NOK shares. UBS Group lowered their target price on Nokia Oyj from €6.20 ($6.53) to €5.80 ($6.11) and set a “buy” rating for the company in a research note on Friday, April 29th. Raymond James raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and set a $6.50 target price on the stock in a research report on Monday, March 14th. AlphaValue upgraded shares of Nokia Oyj to a “buy” rating in a research note on Friday. StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a report on Saturday, May 7th. Finally, Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a research note on Monday, February 7th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $6.95.
Nokia Oyj (NYSE:NOK – Get Rating) last issued its earnings results on Thursday, April 28th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Nokia Oyj had a return on equity of 12.81% and a net margin of 7.01%. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.27 billion. During the same period last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts predict that Nokia Oyj will post 0.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 3rd will be paid a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Monday, May 2nd. Nokia Oyj’s payout ratio is 3.13%.
About Nokia Oyj (Get Rating)
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)
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