Bahl & Gaynor Inc. Sells 10,950 Shares of Nokia Oyj (NYSE:NOK)

Bahl & Gaynor Inc. lessened its stake in Nokia Oyj (NYSE:NOK) by 49.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the technology company’s stock after selling 10,950 shares during the period. Bahl & Gaynor Inc.’s holdings in Nokia Oyj were worth $38,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NOK. Capital Management Associates Inc bought a new stake in shares of Nokia Oyj during the 4th quarter valued at $34,000. Paradigm Asset Management Co. LLC bought a new stake in shares of Nokia Oyj during the 3rd quarter valued at $37,000. Crestwood Advisors Group LLC bought a new stake in shares of Nokia Oyj during the 3rd quarter valued at $37,000. Greenleaf Trust bought a new stake in shares of Nokia Oyj during the 4th quarter valued at $38,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Nokia Oyj during the 4th quarter valued at $42,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Up 0.3 %

Nokia Oyj stock opened at $3.65 on Friday. The firm has a 50-day moving average of $3.55 and a 200-day moving average of $3.47. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. 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 company has a market cap of $20.56 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 1.14 and a beta of 1.09.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NOK shares. BNP Paribas started coverage on shares of Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating for the company. Barclays lowered shares of Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. reduced 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.42.

About Nokia Oyj

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.