Executive Wealth Management LLC Raises Stock Holdings in Nokia Oyj (NYSE:NOK)

Share on StockTwits

Executive Wealth Management LLC lifted its holdings in Nokia Oyj (NYSE:NOK) by 26.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 637,429 shares of the technology company’s stock after buying an additional 135,299 shares during the quarter. Executive Wealth Management LLC’s holdings in Nokia Oyj were worth $3,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Nokia Oyj by 7.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 32,534 shares of the technology company’s stock worth $186,000 after buying an additional 2,170 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Nokia Oyj by 6.0% in the first quarter. Quadrant Capital Group LLC now owns 42,560 shares of the technology company’s stock worth $234,000 after buying an additional 2,410 shares during the period. Columbia Asset Management raised its holdings in shares of Nokia Oyj by 8.7% in the first quarter. Columbia Asset Management now owns 42,632 shares of the technology company’s stock worth $244,000 after buying an additional 3,400 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in shares of Nokia Oyj by 3.9% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 100,334 shares of the technology company’s stock worth $503,000 after buying an additional 3,748 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Nokia Oyj by 2.0% in the first quarter. Stephens Inc. AR now owns 191,156 shares of the technology company’s stock worth $1,093,000 after buying an additional 3,822 shares during the period. Hedge funds and other institutional investors own 7.63% of the company’s stock.

Several equities research analysts have recently weighed in on NOK shares. Santander upgraded Nokia Oyj from an “underweight” rating to a “buy” rating in a report on Monday, July 1st. Raymond James upgraded Nokia Oyj from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 25th. Nordea Equity Research upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Monday, May 20th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, July 16th. Finally, ValuEngine raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a sell rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $6.83.

Shares of NYSE:NOK opened at $5.33 on Wednesday. Nokia Oyj has a 52-week low of $4.71 and a 52-week high of $6.65. The company has a market capitalization of $30.49 billion, a PE ratio of 19.74 and a beta of 0.28. The business has a 50 day moving average price of $5.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.05 and a current ratio of 1.34.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Nokia Oyj had a positive return on equity of 7.84% and a negative net margin of 2.26%. The company had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Nokia Oyj’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Nokia Oyj will post 0.27 EPS for the current fiscal year.

About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).

Read More: What is the Dow Jones Industrial Average (DJIA)?

Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK).

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

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Recent Analysts’ Ratings Changes for Sanmina
Recent Analysts’ Ratings Changes for Sanmina
Recent Research Analysts’ Ratings Changes for Avid Bioservices
Recent Research Analysts’ Ratings Changes for Avid Bioservices
Research Analysts’ Weekly Ratings Updates for American National BankShares
Research Analysts’ Weekly Ratings Updates for American National BankShares
Karpus Management Inc. Has $23.32 Million Holdings in ISHARES TR/CORE DIVID GR ETF
Karpus Management Inc. Has $23.32 Million Holdings in ISHARES TR/CORE DIVID GR ETF
STRATA Skin Sciences  Receives “Buy” Rating from HC Wainwright
STRATA Skin Sciences Receives “Buy” Rating from HC Wainwright
First Internet Bancorp  Announces $0.06 Quarterly Dividend
First Internet Bancorp Announces $0.06 Quarterly Dividend


© 2006-2019 Ticker Report