Wealthcare Advisory Partners LLC Acquires New Holdings in Nokia Oyj (NYSE:NOK)

Wealthcare Advisory Partners LLC bought a new position in shares of Nokia Oyj (NYSE:NOK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,022 shares of the technology company’s stock, valued at approximately $69,000.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC grew its position in shares of Nokia Oyj by 62.3% in the 4th quarter. FMR LLC now owns 49,501,674 shares of the technology company’s stock valued at $219,292,000 after buying an additional 19,004,399 shares during the last quarter. Slate Path Capital LP raised its stake in Nokia Oyj by 15.6% during the fourth quarter. Slate Path Capital LP now owns 30,438,987 shares of the technology company’s stock worth $134,845,000 after buying an additional 4,113,884 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Nokia Oyj by 179.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company’s stock valued at $128,728,000 after buying an additional 18,660,482 shares during the period. Alyeska Investment Group L.P. bought a new stake in Nokia Oyj during the fourth quarter valued at $53,481,000. Finally, Woodline Partners LP raised its position in shares of Nokia Oyj by 125.4% in the 4th quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company’s stock worth $53,162,000 after acquiring an additional 6,677,017 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NOK has been the subject of a number of research analyst reports. Wall Street Zen upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Trading Down 2.5%

NYSE NOK opened at $5.19 on Monday. Nokia Oyj has a 52 week low of $3.60 and a 52 week high of $5.48. The business has a 50 day moving average price of $5.16 and a 200-day moving average price of $4.90. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market cap of $28.27 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 6.43 and a beta of 0.93.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.47 billion. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. As a group, equities analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal 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 $0.0336 dividend. The ex-dividend date was Monday, May 5th. This is an increase from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a dividend yield of 2.60%. Nokia Oyj’s dividend payout ratio is 80.00%.

Nokia Oyj Company 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.