M&T Bank Corp Decreases Stock Position in Nokia Oyj (NYSE:NOK)

M&T Bank Corp lessened its stake in Nokia Oyj (NYSE:NOK) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,694 shares of the technology company’s stock after selling 5,581 shares during the quarter. M&T Bank Corp’s holdings in Nokia Oyj were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Nokia Oyj by 14.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 394,867 shares of the technology company’s stock valued at $1,749,000 after purchasing an additional 48,509 shares during the last quarter. Mission Wealth Management LP increased its holdings in shares of Nokia Oyj by 12.5% in the fourth quarter. Mission Wealth Management LP now owns 88,474 shares of the technology company’s stock valued at $392,000 after purchasing an additional 9,800 shares during the last quarter. Sonoma Private Wealth LLC acquired a new stake in shares of Nokia Oyj in the fourth quarter valued at approximately $164,000. Jones Financial Companies Lllp increased its holdings in shares of Nokia Oyj by 129.0% in the fourth quarter. Jones Financial Companies Lllp now owns 19,438 shares of the technology company’s stock valued at $86,000 after purchasing an additional 10,949 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Nokia Oyj by 275.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 22,427 shares of the technology company’s stock valued at $99,000 after purchasing an additional 16,452 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

NOK has been the subject of several recent analyst reports. Craig Hallum raised their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group cut Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note 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 company. According to data from MarketBeat, Nokia Oyj presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.85.

Nokia Oyj Trading Up 2.6 %

NYSE:NOK opened at $5.34 on Friday. The firm has a market cap of $29.09 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The stock has a fifty day moving average price of $4.81 and a 200 day moving average price of $4.55. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.35. 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 (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Sell-side analysts anticipate 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.