Allworth Financial LP Has $79,000 Holdings in Nokia Corporation (NYSE:NOK)

Allworth Financial LP grew its position in Nokia Corporation (NYSE:NOK) by 16.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,308 shares of the technology company’s stock after buying an additional 2,248 shares during the quarter. Allworth Financial LP’s holdings in Nokia were worth $79,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its position in shares of Nokia by 62.3% during the 4th quarter. FMR LLC now owns 49,501,674 shares of the technology company’s stock valued at $219,292,000 after purchasing an additional 19,004,399 shares in the last quarter. Slate Path Capital LP boosted its holdings in Nokia by 15.6% in the 4th 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 period. Arrowstreet Capital Limited Partnership grew its holdings in Nokia by 179.5% during the 4th 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 in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Nokia during the fourth quarter worth about $53,481,000. Finally, Woodline Partners LP boosted its stake in Nokia by 125.4% in the fourth quarter. Woodline Partners LP now owns 12,000,442 shares of the technology company’s stock worth $53,162,000 after buying an additional 6,677,017 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Nokia Trading Up 0.5%

NOK opened at $4.78 on Friday. Nokia Corporation has a 12 month low of $3.60 and a 12 month high of $5.48. The stock has a fifty day moving average price of $5.20 and a 200-day moving average price of $5.01. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of 31.84 and a beta of 0.91.

Nokia (NYSE:NOK) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. Nokia had a return on equity of 8.73% and a net margin of 4.09%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. As a group, equities research analysts anticipate that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

Nokia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.0336 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.82%. This is a boost from Nokia’s previous quarterly dividend of $0.02. Nokia’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, May 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 data from MarketBeat.com, Nokia presently has an average rating of “Moderate Buy” and a consensus target price of $5.85.

Nokia 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.