Crossmark Global Holdings Inc. Sells 46,797 Shares of Nokia Corporation $NOK

Crossmark Global Holdings Inc. lessened its position in shares of Nokia Corporation (NYSE:NOK) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,122 shares of the technology company’s stock after selling 46,797 shares during the period. Crossmark Global Holdings Inc.’s holdings in Nokia were worth $2,906,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Ethic Inc. boosted its holdings in shares of Nokia by 9.2% during the fourth quarter. Ethic Inc. now owns 364,184 shares of the technology company’s stock worth $2,356,000 after acquiring an additional 30,564 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Nokia by 13.4% during the fourth quarter. Ballentine Partners LLC now owns 77,489 shares of the technology company’s stock worth $501,000 after acquiring an additional 9,128 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Nokia by 48.2% during the fourth quarter. International Assets Investment Management LLC now owns 30,031 shares of the technology company’s stock worth $194,000 after acquiring an additional 9,767 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of Nokia by 8.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 91,892 shares of the technology company’s stock worth $595,000 after acquiring an additional 7,278 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of Nokia by 34.6% during the fourth quarter. QRG Capital Management Inc. now owns 539,926 shares of the technology company’s stock worth $3,493,000 after acquiring an additional 138,935 shares during the period. Institutional investors own 5.28% of the company’s stock.

Nokia Trading Up 8.4%

Shares of NOK stock opened at $13.90 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.11. The stock has a market cap of $79.81 billion, a P/E ratio of 86.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.12. The stock has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $7.65. Nokia Corporation has a 1 year low of $4.00 and a 1 year high of $14.05.

Nokia (NYSE:NOK) last issued its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.22% and a net margin of 4.02%. On average, research analysts predict that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th will be paid a dividend of $0.0468 per share. The ex-dividend date is Tuesday, April 28th. This is a boost from Nokia’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a yield of 1.3%. Nokia’s dividend payout ratio is currently 81.25%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOK. Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a report on Friday, April 24th. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Northland Securities set a $13.00 price target on Nokia in a research note on Monday, April 20th. Citigroup reiterated a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Finally, Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, April 27th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.