TD Asset Management Inc. Sells 2,117 Shares of Nokia Oyj (NYSE:NOK)

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TD Asset Management Inc. lowered its position in Nokia Oyj (NYSE:NOK) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,668 shares of the technology company’s stock after selling 2,117 shares during the period. TD Asset Management Inc.’s holdings in Nokia Oyj were worth $109,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NOK. Wedbush Securities Inc. raised its holdings in shares of Nokia Oyj by 15.7% in the 2nd quarter. Wedbush Securities Inc. now owns 33,154 shares of the technology company’s stock valued at $166,000 after purchasing an additional 4,490 shares during the period. Trellus Management Company LLC grew its stake in Nokia Oyj by 13.3% in the 2nd quarter. Trellus Management Company LLC now owns 255,000 shares of the technology company’s stock valued at $1,278,000 after buying an additional 30,000 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in Nokia Oyj by 5.7% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 3,812,135 shares of the technology company’s stock valued at $19,099,000 after buying an additional 205,754 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in Nokia Oyj in the 2nd quarter valued at about $86,000. Finally, Dfpg Investments Inc. acquired a new position in Nokia Oyj in the 2nd quarter valued at about $76,000. Institutional investors own 7.39% of the company’s stock.

Shares of Nokia Oyj stock opened at $4.87 on Wednesday. The company has a 50 day moving average of $5.25 and a 200-day moving average of $5.48. Nokia Oyj has a 1-year low of $4.71 and a 1-year high of $6.65. The company has a current ratio of 1.34, a quick ratio of 1.05 and a debt-to-equity ratio of 0.33. The company has a market cap of $28.24 billion, a PE ratio of 18.04 and a beta of 0.28.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, July 25th. The technology company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. Nokia Oyj had a negative net margin of 2.26% and a positive return on equity of 7.84%. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Research analysts forecast that Nokia Oyj will post 0.27 earnings per share for the current year.

A number of brokerages recently commented on NOK. Zacks Investment Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Monday, July 29th. Charter Equity upgraded shares of Nokia Oyj from a “market perform” rating to a “buy” rating in a research report on Friday, July 26th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th. Nordea Equity Research upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Finally, ValuEngine upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.83.

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).

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

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