Paradigm Financial Advisors LLC continued to hold its stake in shares of Nokia Oyj (NYSE:NOK) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 25,000 shares of the technology company’s stock at the end of the first quarter. Paradigm Financial Advisors LLC’s holdings in Nokia Oyj were worth $135,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in NOK. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Nokia Oyj during the first quarter worth about $136,000. Searle & CO. bought a new position in Nokia Oyj during the fourth quarter worth $145,000. Teachers Advisors LLC boosted its position in Nokia Oyj by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 4,646,679 shares of the technology company’s stock worth $22,351,000 after buying an additional 152,832 shares during the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Nokia Oyj during the fourth quarter worth $340,000. Finally, Menora Mivtachim Holdings LTD. boosted its position in Nokia Oyj by 74.3% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 30,500 shares of the technology company’s stock worth $147,000 after buying an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 5.71% of the company’s stock.
Nokia Oyj (NYSE:NOK) opened at 5.88 on Thursday. The firm has a 50-day moving average of $5.40 and a 200-day moving average of $4.92. The firm’s market capitalization is $33.41 billion. Nokia Oyj has a 1-year low of $4.04 and a 1-year high of $6.00.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 27th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.01. The business had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.33 billion. Nokia Oyj had a negative net margin of 2.96% and a positive return on equity of 6.17%. Nokia Oyj’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. On average, analysts expect that Nokia Oyj will post $0.24 earnings per share for the current year.
The firm also recently disclosed an annual dividend, which will be paid on Wednesday, June 14th. Investors of record on Friday, May 26th will be given a dividend of $0.1816 per share. This represents a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, May 24th. Nokia Oyj’s payout ratio is presently -142.85%.
NOK has been the subject of a number of research analyst reports. Barclays PLC reaffirmed a “buy” rating on shares of Nokia Oyj in a research report on Tuesday, January 10th. Vetr raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating and set a $5.33 price target for the company in a research report on Thursday, January 12th. Canaccord Genuity cut shares of Nokia Oyj from a “buy” rating to a “hold” rating and decreased their price target for the company from $5.50 to $5.00 in a research report on Friday, January 13th. Natixis raised shares of Nokia Oyj from a “neutral” rating to a “buy” rating in a research report on Friday, January 13th. Finally, Bank of America Corp cut shares of Nokia Oyj to a “sell” rating in a research report on Friday, January 13th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.58.
Nokia Oyj Company Profile
Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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