Finally, Horrell Capital Management Inc. raised its position in shares of Nokia Corporation by 22.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,245 shares of the technology company's stock valued at $174,000 after buying an additional 629 shares during the last quarter. Usca Ria LLC boosted its stake in shares of Nokia Corporation by 15.1% in the first quarter. The company's revenue was down 3.8% compared to the same quarter past year. FNY Partners Fund LP boosted its position in shares of Nokia Oyj by 366.7% in the first quarter. Menora Mivtachim Holdings LTD. now owns 30,500 shares of the technology company's stock worth $147,000 after buying an additional 13,000 shares in the last quarter.
Alyeska Investment Group Lp increased Nokia Corp (NOK) stake by 111.6% reported in 2016Q4 SEC filing. Finally, Two Sigma Securities LLC purchased a new position in Nokia Corporation during the first quarter valued at $150,000. The Flippin Bruce & Porter Inc holds 371,420 shares with $1.79M value, up from 228,931 last quarter. They now have a United States dollars 5.8 price target on the stock. About 27,968 shares traded. The share price has moved backward from its 20 days moving average, trading at a distance of -0.81% and stays 6.76% away from its 50 days moving average.
Nokia Corporation (NOK) has been given an average price target of $6.52 from analysts, according to data collected by Finviz. BMO Capital Markets reiterated a "hold" rating and issued a $5.00 price objective on shares of Nokia Corporation in a research note on Wednesday, March 15th.
Analysts await Nokia Oyj (ADR) (NYSE:NOK) to report earnings on August, 3. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.33 billion.
While looking at the Stock's Performance, Nokia Corporation now shows a Weekly Performance of -2.91%, where Monthly Performance is 0.8%, Quarterly performance is 16.15%, 6 Months performance is 33.54% and yearly performance percentage is 12.63%. The firm's revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts expect Nokia Oyj to earn $0.30 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 63.3%. Stockholders of record on Friday, May 26th were given a $0.1824 dividend.
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The share price of the company (NYSE:NOK) was down -0.78%, with a high of 6.36 during the day and the volume of Nokia Corporation shares traded was 14324636. The ex-dividend date of this dividend is Tuesday, May 23rd. Nokia Oyj's dividend payout ratio is now -242.84%.
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Several other institutional investors have also made changes to their positions in the stock. Bernstein maintained the shares of NOK in report on Thursday, September 3 with "Outperform" rating. Citigroup Inc. assumed coverage on Nokia Corporation in a report on Thursday, June 8th. Vetr downgraded Nokia Corporation from a "strong-buy" rating to a "buy" rating and set a $5.52 price objective on the stock.in a research note on Monday, February 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. BMO Capital Markets reissued a "market perform" rating on shares of Nokia Oyj in a research report on Friday. Societe Generale began coverage on shares of Nokia Corporation in a research note on Wednesday. They set a "buy" rating on the stock.
Among 20 analysts covering Nokia (NYSE:NOK), 11 have Buy rating, 2 Sell and 7 Hold. Also, the current price highlights a discount of 15% to analysts' high consensus price target.
Nokia Corporation is engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. Nokia FP4 silicon provides a generational performance boost over existing solutions while delivering improved network security and intelligence.
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