Raiffeisen Bank International AG Acquires New Position in Nokia Oyj (NYSE:NOK)

Raiffeisen Bank International AG acquired a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,578 shares of the technology company’s stock, valued at approximately $64,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOK. Lazard Asset Management LLC grew its holdings in shares of Nokia Oyj by 1,842.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,552,451 shares of the technology company’s stock valued at $6,876,000 after purchasing an additional 1,472,509 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its position in shares of Nokia Oyj by 9.6% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 178,591 shares of the technology company’s stock worth $791,000 after purchasing an additional 15,675 shares during the period. Ethic Inc. raised its position in shares of Nokia Oyj by 45.3% during the 4th quarter. Ethic Inc. now owns 297,156 shares of the technology company’s stock worth $1,316,000 after purchasing an additional 92,644 shares during the period. Deutsche Bank AG raised its position in shares of Nokia Oyj by 12.3% during the 4th quarter. Deutsche Bank AG now owns 3,737,855 shares of the technology company’s stock worth $16,559,000 after purchasing an additional 408,312 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $409,000. 5.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NOK shares. StockNews.com cut Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Nokia Oyj presently has an average rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.20 on Monday. Nokia Oyj has a 12-month low of $3.57 and a 12-month high of $5.48. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 6.43 and a beta of 0.95. The business has a 50 day simple moving average of $5.11 and a 200 day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the company earned $0.09 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.0336 dividend. This represents a $0.13 dividend on an annualized basis and a yield of 2.59%. This is a positive change from Nokia Oyj’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Monday, May 5th. Nokia Oyj’s dividend payout ratio is 80.00%.

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.