Blue Trust Inc. Sells 7,869 Shares of Nokia Oyj (NYSE:NOK)

Blue Trust Inc. lessened its position in shares of Nokia Oyj (NYSE:NOK) by 16.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,193 shares of the technology company’s stock after selling 7,869 shares during the period. Blue Trust Inc.’s holdings in Nokia Oyj were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOK. Pinnacle Associates Ltd. acquired a new position in Nokia Oyj during the 3rd quarter worth approximately $44,000. PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj during the third quarter worth $45,000. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the fourth quarter worth $45,000. Waldron Private Wealth LLC acquired a new stake in shares of Nokia Oyj during the third quarter worth $47,000. Finally, Wedmont Private Capital bought a new position in Nokia Oyj during the fourth quarter worth $47,000. Institutional investors own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

NOK has been the topic of several research analyst reports. Craig Hallum increased their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. upgraded shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their target price for the company from $4.35 to $6.35 in a report on Monday, December 9th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price objective for the company. in a report on Thursday, January 16th. Finally, StockNews.com downgraded shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.86.

Nokia Oyj Price Performance

NOK stock opened at $4.99 on Friday. The firm has a 50 day moving average of $4.62 and a 200-day moving average of $4.43. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.06. The firm has a market capitalization of $27.18 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. As a group, sell-side analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj Company 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.