Lesa Sroufe & Co Decreases Stake in Nokia Oyj (NYSE:NOK)

Lesa Sroufe & Co reduced its stake in shares of Nokia Oyj (NYSE:NOK) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 398,522 shares of the technology company’s stock after selling 13,461 shares during the period. Lesa Sroufe & Co’s holdings in Nokia Oyj were worth $1,363,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Capital Management Associates Inc acquired a new position in shares of Nokia Oyj during the 4th quarter worth $34,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Nokia Oyj during the 3rd quarter worth $37,000. Crestwood Advisors Group LLC acquired a new position in shares of Nokia Oyj during the 3rd quarter worth $37,000. Greenleaf Trust acquired a new position in shares of Nokia Oyj during the 4th quarter worth $38,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Nokia Oyj during the 4th quarter worth $42,000. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Stock Down 0.8 %

NOK opened at $3.65 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The business has a 50-day moving average of $3.54 and a two-hundred day moving average of $3.47. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. During the same quarter last year, the firm earned $0.16 EPS. On average, research analysts expect that Nokia Oyj will post 0.38 earnings per share for the current year.

Nokia Oyj Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.0323 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, April 22nd. Nokia Oyj’s payout ratio is currently 75.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NOK. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. BNP Paribas initiated coverage on Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. Barclays downgraded shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.42.

Nokia Oyj Profile

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.