Nokia Oyj (NYSE:NOK) Stock Holdings Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in Nokia Oyj (NYSE:NOK) by 56.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,773 shares of the technology company’s stock after buying an additional 94,356 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Nokia Oyj were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Executive Wealth Management LLC boosted its stake in Nokia Oyj by 26.9% in the second quarter. Executive Wealth Management LLC now owns 637,429 shares of the technology company’s stock valued at $3,194,000 after acquiring an additional 135,299 shares during the period. Advisors Capital Management LLC acquired a new position in Nokia Oyj in the second quarter valued at approximately $27,977,000. Bluestein R H & Co. acquired a new position in Nokia Oyj in the second quarter valued at approximately $501,000. Dfpg Investments Inc. acquired a new position in Nokia Oyj in the second quarter valued at approximately $76,000. Finally, Bank of New York Mellon Corp boosted its stake in Nokia Oyj by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 12,822,792 shares of the technology company’s stock valued at $64,243,000 after acquiring an additional 755,076 shares during the period. 7.45% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE NOK opened at $3.47 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $4.46 and a 200-day simple moving average of $4.96. The company has a market cap of $19.65 billion, a PE ratio of 12.85 and a beta of 0.25. Nokia Oyj has a 12-month low of $3.45 and a 12-month high of $6.65.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.59 billion. Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Sell-side analysts forecast that Nokia Oyj will post 0.22 earnings per share for the current fiscal year.

NOK has been the subject of a number of research reports. Credit Suisse Group downgraded Nokia Oyj from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. downgraded Nokia Oyj from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $7.50 to $4.20 in a research note on Friday, October 25th. Charter Equity upgraded Nokia Oyj from a “market perform” rating to a “buy” rating in a research note on Friday, July 26th. ValuEngine upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Finally, Craig Hallum restated a “buy” rating on shares of Nokia Oyj in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.20.

About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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