PDS Planning Inc Reduces Position in Nokia Oyj (NYSE:NOK)

PDS Planning Inc cut its position in Nokia Oyj (NYSE:NOK) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,128 shares of the technology company’s stock after selling 5,274 shares during the period. PDS Planning Inc’s holdings in Nokia Oyj were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Axxcess Wealth Management LLC purchased a new stake in shares of Nokia Oyj in the 3rd quarter valued at approximately $67,000. Sowell Financial Services LLC purchased a new position in shares of Nokia Oyj in the 4th quarter valued at $333,000. O Shaughnessy Asset Management LLC grew its position in shares of Nokia Oyj by 22.7% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock valued at $76,000 after buying an additional 3,767 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Nokia Oyj in the 3rd quarter valued at $768,000. Finally, Walleye Capital LLC purchased a new position in shares of Nokia Oyj in the 3rd quarter valued at $12,591,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Down 0.3 %

NOK stock opened at $3.68 on Wednesday. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The stock has a market capitalization of $20.73 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The company has a fifty day moving average of $3.54 and a 200-day moving average of $3.47.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the business earned $0.16 EPS. As a group, analysts expect that Nokia Oyj will post 0.38 EPS for the current year.

Nokia Oyj Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Tuesday, April 23rd will be issued a dividend of $0.0323 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.13 annualized dividend and a yield of 3.51%. Nokia Oyj’s dividend payout ratio (DPR) is currently 75.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on NOK. Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. BNP Paribas assumed coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.42.

About Nokia Oyj

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.