The First Trust Advisors LP Has $4.07 Million Stake in Nokia Oyj (NOK)

The First Trust Advisors LP Has $4.07 Million Stake in Nokia Oyj (NOK)

Several other hedge funds and other institutional investors have also recently modified their holdings of NOK. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Nokia Oyj during the first quarter worth about $136,000. Searle & CO. purchased a new position in shares of Nokia Oyj during the fourth quarter worth about $145,000. Menora Mivtachim Holdings LTD. raised its position in shares of 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 period. Usca Ria LLC raised its position in shares of Nokia Oyj by 15.1% in the first quarter. Usca Ria LLC now owns 31,475 shares of the technology company’s stock worth $171,000 after buying an additional 4,125 shares during the period. Finally, HCR Wealth Advisors purchased a new position in shares of Nokia Oyj during the fourth quarter worth about $154,000. Institutional investors and hedge funds own 5.71% of the company’s stock.

First Trust Advisors LP boosted its position in Nokia Oyj (NYSE:NOK) by 10.7% during the first quarter, Holdings Channel reports. The firm owned 750,118 shares of the technology company’s stock after buying an additional 72,290 shares during the period. First Trust Advisors LP’s holdings in Nokia Oyj were worth $4,066,000 at the end of the most recent quarter.

Shares of Nokia Oyj (NYSE:NOK) opened at 6.55 on Monday. The stock has a 50 day moving average of $5.96 and a 200 day moving average of $5.16. The firm’s market capitalization is $37.22 billion. Nokia Oyj has a 52-week low of $4.04 and a 52-week high of $6.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.33 billion. Nokia Oyj had a positive return on equity of 6.17% and a negative net margin of 2.96%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 EPS. On average, analysts predict that Nokia Oyj will post $0.24 EPS for the current fiscal year.

The company also recently announced a dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be given a $0.1824 dividend. The ex-dividend date is Tuesday, May 23rd. Nokia Oyj’s dividend payout ratio (DPR) is currently -142.85%. A number of research analysts have recently issued reports on the stock. Bank of America Corp reiterated a “neutral” rating on shares of Nokia Oyj in a research note on Friday. Zacks Investment Research upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th. Charter Equity upgraded shares of Nokia Oyj from an “underperform” rating to a “market perform” rating in a research report on Monday, February 13th. Vetr lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating and set a $5.52 target price on the stock. in a research report on Monday, February 13th. Finally, Canaccord Genuity restated a “hold” rating and set a $5.00 target price on shares of Nokia Oyj in a research report on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Nokia Oyj currently has an average rating of “Hold” and an average target price of $10.36.

About Nokia Oyj 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NOK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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