Beaumont Financial Partners LLC Sells 10,680 Shares of Nokia Oyj (NYSE:NOK)

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Beaumont Financial Partners LLC lowered its position in shares of Nokia Oyj (NYSE:NOK) by 26.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,600 shares of the technology company’s stock after selling 10,680 shares during the quarter. Beaumont Financial Partners LLC’s holdings in Nokia Oyj were worth $110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optimum Investment Advisors bought a new stake in Nokia Oyj during the third quarter valued at $25,000. Weaver Consulting Group boosted its position in Nokia Oyj by 384.6% during the fourth quarter. Weaver Consulting Group now owns 5,040 shares of the technology company’s stock valued at $26,000 after acquiring an additional 4,000 shares during the last quarter. McIlrath & Eck LLC boosted its position in Nokia Oyj by 5,900.0% during the third quarter. McIlrath & Eck LLC now owns 6,000 shares of the technology company’s stock valued at $30,000 after acquiring an additional 5,900 shares during the last quarter. AdvisorNet Financial Inc boosted its position in Nokia Oyj by 1,096.4% during the third quarter. AdvisorNet Financial Inc now owns 6,018 shares of the technology company’s stock valued at $30,000 after acquiring an additional 5,515 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Nokia Oyj by 261.2% during the fourth quarter. Whittier Trust Co. now owns 6,914 shares of the technology company’s stock valued at $26,000 after acquiring an additional 5,000 shares during the last quarter. 6.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE NOK opened at $4.33 on Friday. The firm’s 50-day moving average price is $4.01 and its 200-day moving average price is $4.36. Nokia Oyj has a 1-year low of $3.33 and a 1-year high of $6.42. The firm has a market capitalization of $24.26 billion, a P/E ratio of -433,000.00, a P/E/G ratio of 0.82 and a beta of 0.23. The company has a current ratio of 1.39, a quick ratio of 1.15 and a debt-to-equity ratio of 0.31.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. Nokia Oyj had a negative net margin of 0.03% and a positive return on equity of 8.21%. The firm had revenue of $7.65 billion for the quarter, compared to analyst estimates of $7.38 billion. Equities research analysts forecast that Nokia Oyj will post 0.27 EPS for the current year.

Several equities analysts have recently weighed in on NOK shares. MKM Partners dropped their price objective on shares of Nokia Oyj from $7.50 to $5.50 and set a “buy” rating on the stock in a report on Friday, October 25th. Barclays lowered shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 price objective on the stock. in a report on Friday, October 25th. JPMorgan Chase & Co. lowered shares of Nokia Oyj from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.50 to $4.20 in a report on Friday, October 25th. Zacks Investment Research lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating and set a $4.50 price objective on the stock. in a report on Monday, October 28th. Finally, New Street Research upgraded shares of Nokia Oyj from a “neutral” rating to a “buy” rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $4.67.

Nokia Oyj Profile

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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