Sheaff Brock Investment Advisors LLC Cuts Stock Holdings in Nokia Oyj (NYSE:NOK)

Sheaff Brock Investment Advisors LLC lowered its stake in shares of Nokia Oyj (NYSE:NOKGet Rating) by 17.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,415 shares of the technology company’s stock after selling 5,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Nokia Oyj were worth $133,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pzena Investment Management LLC raised its stake in shares of Nokia Oyj by 18.7% in the 1st quarter. Pzena Investment Management LLC now owns 111,936 shares of the technology company’s stock valued at $611,000 after acquiring an additional 17,670 shares during the period. Aspiriant LLC raised its stake in shares of Nokia Oyj by 14.4% in the 1st quarter. Aspiriant LLC now owns 23,830 shares of the technology company’s stock valued at $131,000 after acquiring an additional 3,000 shares during the period. Murphy Pohlad Asset Management LLC raised its stake in shares of Nokia Oyj by 2.5% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 513,075 shares of the technology company’s stock valued at $2,801,000 after acquiring an additional 12,600 shares during the period. Qtron Investments LLC purchased a new position in shares of Nokia Oyj in the 1st quarter valued at $151,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Nokia Oyj in the 1st quarter valued at $150,000. Hedge funds and other institutional investors own 16.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NOK shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nokia Oyj from €5.50 ($5.67) to €6.00 ($6.19) and gave the stock a “buy” rating in a research note on Friday, July 22nd. AlphaValue raised shares of Nokia Oyj to a “buy” rating in a research note on Friday, May 13th. Credit Suisse Group dropped their price target on shares of Nokia Oyj from €5.75 ($5.93) to €5.45 ($5.62) and set a “neutral” rating on the stock in a research note on Monday, July 25th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Sunday, May 15th. Finally, Citigroup raised shares of Nokia Oyj from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.23.

Nokia Oyj Stock Up 0.6 %

NOK stock opened at $5.26 on Friday. Nokia Oyj has a 52 week low of $4.37 and a 52 week high of $6.40. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 15.47 and a beta of 0.84. The firm’s 50-day moving average is $4.84 and its two-hundred day moving average is $5.13. The company has a current ratio of 1.60, a quick ratio of 1.36 and a debt-to-equity ratio of 0.23.

Nokia Oyj Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Tuesday, July 26th will be given a $0.0205 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, July 25th. Nokia Oyj’s dividend payout ratio (DPR) is currently 8.82%.

Nokia Oyj Company Profile

(Get Rating)

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks.

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

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