92,434 Shares in Nokia Oyj (NYSE:NOK) Acquired by Centiva Capital LP

Centiva Capital LP acquired a new stake in Nokia Oyj (NYSE:NOK) during the 4th quarter, HoldingsChannel reports. The firm acquired 92,434 shares of the technology company’s stock, valued at approximately $409,000.

Several other large investors have also recently added to or reduced their stakes in NOK. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the fourth quarter worth $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the fourth quarter valued at about $46,000. Wedmont Private Capital acquired a new position in Nokia Oyj in the 4th quarter worth about $47,000. Wealthstream Advisors Inc. purchased a new stake in shares of Nokia Oyj during the 4th quarter worth about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Nokia Oyj during the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective on the stock. in a research report on Thursday, January 16th. StockNews.com downgraded shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Price Performance

Shares of Nokia Oyj stock opened at $5.08 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $5.10 and a 200-day simple moving average of $4.76. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 6.43 and a beta of 0.95. Nokia Oyj has a 1-year low of $3.57 and a 1-year high of $5.48.

Nokia Oyj (NYSE:NOK) last released its 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 firm 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 firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, sell-side analysts expect that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $0.0336 dividend. This is an increase from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a yield of 2.65%. The ex-dividend date is Monday, May 5th. Nokia Oyj’s payout ratio is currently 106.67%.

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.