19,727 Shares in Nokia Oyj (NYSE:NOK) Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in Nokia Oyj (NYSE:NOKGet Rating) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 19,727 shares of the technology company’s stock, valued at approximately $108,000.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Nokia Oyj by 34.4% during the first quarter. Private Advisor Group LLC now owns 371,084 shares of the technology company’s stock worth $2,026,000 after purchasing an additional 94,898 shares during the last quarter. BCS Wealth Management lifted its stake in Nokia Oyj by 100.0% during the first quarter. BCS Wealth Management now owns 20,000 shares of the technology company’s stock worth $109,000 after purchasing an additional 10,000 shares during the last quarter. Good Life Advisors LLC lifted its stake in Nokia Oyj by 19.5% during the first quarter. Good Life Advisors LLC now owns 18,386 shares of the technology company’s stock worth $100,000 after purchasing an additional 3,000 shares during the last quarter. DRW Securities LLC lifted its stake in Nokia Oyj by 1.5% during the first quarter. DRW Securities LLC now owns 186,851 shares of the technology company’s stock worth $1,020,000 after purchasing an additional 2,690 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in Nokia Oyj by 1.6% during the fourth quarter. Evergreen Capital Management LLC now owns 521,473 shares of the technology company’s stock worth $3,244,000 after purchasing an additional 8,182 shares during the last quarter. 7.38% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Trading Down 4.9 %

Shares of NOK stock opened at $4.63 on Friday. The business’s fifty day moving average price is $4.98 and its 200 day moving average price is $5.00. Nokia Oyj has a 1-year low of $4.37 and a 1-year high of $6.40. The firm has a market capitalization of $26.09 billion, a PE ratio of 13.62, a P/E/G ratio of 6.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.60 and a quick ratio of 1.36.

Nokia Oyj Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Tuesday, July 26th were issued a $0.0205 dividend. This represents a $0.08 annualized dividend and a yield of 1.77%. The ex-dividend date was Monday, July 25th. Nokia Oyj’s dividend payout ratio (DPR) is 8.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Credit Suisse Group upgraded Nokia Oyj from a “neutral” rating to an “outperform” rating in a research note on Thursday. Cheuvreux cut Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Nokia Oyj from €5.50 ($5.61) to €6.00 ($6.12) and gave the stock a “buy” rating in a research note on Friday, July 22nd. Kepler Capital Markets cut Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Citigroup upgraded Nokia Oyj from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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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