Envestnet Asset Management Inc. Has $5.20 Million Stake in Nokia Oyj (NYSE:NOK)

Envestnet Asset Management Inc. grew its holdings in Nokia Oyj (NYSE:NOKGet Rating) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,127,958 shares of the technology company’s stock after purchasing an additional 19,494 shares during the period. Envestnet Asset Management Inc.’s holdings in Nokia Oyj were worth $5,200,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Sage Rhino Capital LLC increased its holdings in shares of Nokia Oyj by 18.5% in the 2nd quarter. Sage Rhino Capital LLC now owns 13,003 shares of the technology company’s stock valued at $60,000 after purchasing an additional 2,031 shares during the period. DRW Securities LLC increased its holdings in shares of Nokia Oyj by 1.5% in the 1st quarter. DRW Securities LLC now owns 186,851 shares of the technology company’s stock valued at $1,020,000 after purchasing an additional 2,690 shares during the period. CWM LLC grew its stake in shares of Nokia Oyj by 28.0% in the 2nd quarter. CWM LLC now owns 13,695 shares of the technology company’s stock valued at $63,000 after buying an additional 2,999 shares in the last quarter. Aspiriant LLC grew its stake in shares of Nokia Oyj by 14.4% in the 1st quarter. Aspiriant LLC now owns 23,830 shares of the technology company’s stock valued at $131,000 after buying an additional 3,000 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC grew its stake in shares of Nokia Oyj by 0.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 516,075 shares of the technology company’s stock valued at $2,379,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 7.38% of the company’s stock.

Nokia Oyj Stock Up 2.4 %

Shares of NOK stock opened at $4.75 on Friday. Nokia Oyj has a 12 month low of $4.08 and a 12 month high of $6.40. The firm has a market cap of $26.77 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 6.03 and a beta of 0.88. The stock has a 50 day moving average of $4.53 and a 200-day moving average of $4.78. The company has a quick ratio of 1.36, a current ratio of 1.60 and a debt-to-equity ratio of 0.23.

Nokia Oyj Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 8th. Stockholders of record on Tuesday, October 25th were issued a dividend of $0.0136 per share. The ex-dividend date was Monday, October 24th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.15%. Nokia Oyj’s dividend payout ratio (DPR) is presently 14.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NOK shares. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, November 1st. Cheuvreux cut Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Credit Suisse Group raised Nokia Oyj from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 15th. Kepler Capital Markets cut Nokia Oyj from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Societe Generale decreased their target price on Nokia Oyj from €5.80 ($5.80) to €5.40 ($5.40) and set a “buy” rating for the company in a research report on Tuesday, October 25th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.02.

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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