PEAK6 Investments L.P. decreased its stake in Nokia (NYSE:NOK) by 45.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,033 shares of the technology company’s stock after selling 37,740 shares during the period. PEAK6 Investments L.P.’s holdings in Nokia were worth $210,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Millennium Management LLC lifted its stake in Nokia by 69.0% in the 4th quarter. Millennium Management LLC now owns 4,424,030 shares of the technology company’s stock valued at $20,616,000 after purchasing an additional 1,806,219 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Nokia by 192.8% during the fourth quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock worth $146,000 after buying an additional 20,644 shares during the period. Ellington Management Group LLC acquired a new stake in shares of Nokia during the fourth quarter worth $181,000. Guggenheim Capital LLC increased its position in shares of Nokia by 40.0% during the fourth quarter. Guggenheim Capital LLC now owns 75,981 shares of the technology company’s stock worth $354,000 after buying an additional 21,723 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Nokia by 29.6% during the fourth quarter. Deutsche Bank AG now owns 2,289,908 shares of the technology company’s stock worth $10,670,000 after buying an additional 522,553 shares during the period. 6.64% of the stock is owned by institutional investors and hedge funds.
NOK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Nokia from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Thursday, March 29th. Vetr cut shares of Nokia from a “strong-buy” rating to a “buy” rating and set a $5.54 price objective for the company. in a research report on Monday, January 29th. Citigroup reiterated a “neutral” rating on shares of Nokia in a research report on Friday, March 2nd. Goldman Sachs restated a “neutral” rating on shares of Nokia in a report on Thursday, January 18th. Finally, Canaccord Genuity restated a “hold” rating and issued a $6.00 price target on shares of Nokia in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.61.
Shares of NYSE NOK traded down $0.02 during mid-day trading on Friday, reaching $5.39. 13,610,066 shares of the company’s stock traded hands, compared to its average volume of 12,505,718. The stock has a market capitalization of $30,353.82, a P/E ratio of 14.57, a P/E/G ratio of 2.36 and a beta of 1.16. Nokia has a 1-year low of $4.51 and a 1-year high of $6.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.56 and a quick ratio of 1.35.
Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. equities research analysts anticipate that Nokia will post 0.31 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.2364 per share. This represents a dividend yield of 3.5%. The ex-dividend date is Thursday, May 31st. Nokia’s dividend payout ratio is currently 35.14%.
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Nokia Company Profile
Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.
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