Nokia Oyj (NYSE:NOK) Shares Sold by PDS Planning Inc

PDS Planning Inc lowered its stake in Nokia Oyj (NYSE:NOK) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,128 shares of the technology company’s stock after selling 5,274 shares during the quarter. PDS Planning Inc’s holdings in Nokia Oyj were worth $79,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in Nokia Oyj by 47.6% in the 4th quarter. Signaturefd LLC now owns 81,115 shares of the technology company’s stock valued at $277,000 after acquiring an additional 26,158 shares during the last quarter. Greenleaf Trust acquired a new stake in Nokia Oyj in the 4th quarter valued at about $38,000. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in Nokia Oyj by 2.1% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,774 shares of the technology company’s stock valued at $535,000 after acquiring an additional 3,250 shares during the last quarter. DGS Capital Management LLC lifted its holdings in Nokia Oyj by 8.8% in the 4th quarter. DGS Capital Management LLC now owns 54,028 shares of the technology company’s stock valued at $185,000 after acquiring an additional 4,362 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in Nokia Oyj by 104.8% in the 4th quarter. Cerity Partners LLC now owns 37,582 shares of the technology company’s stock valued at $129,000 after acquiring an additional 19,231 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. BNP Paribas started coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. Finally, Barclays lowered shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Nokia Oyj presently has an average rating of “Hold” and an average target price of $4.42.

Nokia Oyj Price Performance

Shares of NOK opened at $3.68 on Wednesday. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.15 and a beta of 1.09. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. The business’s 50-day moving average is $3.54 and its 200-day moving average is $3.47.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. During the same quarter in the prior year, the company earned $0.16 EPS. Equities research analysts expect that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Nokia Oyj Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Tuesday, April 23rd will be issued a $0.0323 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.51%. Nokia Oyj’s dividend payout ratio is 75.00%.

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.