Captrust Financial Advisors Lowers Position in Nokia Oyj (NYSE:NOK)

Captrust Financial Advisors lessened its holdings in Nokia Oyj (NYSE:NOK) by 32.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,563 shares of the technology company’s stock after selling 23,215 shares during the period. Captrust Financial Advisors’ holdings in Nokia Oyj were worth $211,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Nokia Oyj by 15.5% in the fourth quarter. BNP Paribas Financial Markets now owns 36,355 shares of the technology company’s stock worth $161,000 after buying an additional 4,878 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Nokia Oyj by 361.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,550,228 shares of the technology company’s stock worth $11,298,000 after buying an additional 1,997,678 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Nokia Oyj in the fourth quarter worth $53,481,000. Mercer Global Advisors Inc. ADV raised its position in Nokia Oyj by 1.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 414,609 shares of the technology company’s stock valued at $1,837,000 after purchasing an additional 5,270 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Nokia Oyj during the fourth quarter valued at about $33,348,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia Oyj Stock Up 0.7%

Shares of NYSE:NOK opened at $5.38 on Friday. The stock’s 50-day moving average price is $5.11 and its 200-day moving average price is $4.79. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48. The stock has a market capitalization of $29.31 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the business posted $0.09 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a dividend of $0.0336 per share. This is a boost from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Monday, May 5th. Nokia Oyj’s dividend payout ratio (DPR) is 80.00%.

Nokia Oyj Profile

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.