Capital Investment Counsel Inc Lowers Holdings in Nokia Oyj (NYSE:NOK)

Capital Investment Counsel Inc decreased its position in Nokia Oyj (NYSE:NOK) by 25.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,847 shares of the technology company’s stock after selling 7,650 shares during the period. Capital Investment Counsel Inc’s holdings in Nokia Oyj were worth $97,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after purchasing an additional 27,755,460 shares during the period. XTX Topco Ltd purchased a new stake in Nokia Oyj during the third quarter worth $1,417,000. QRG Capital Management Inc. lifted its holdings in Nokia Oyj by 92.8% during the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after buying an additional 255,893 shares during the period. Choreo LLC lifted its holdings in Nokia Oyj by 19.0% during the fourth quarter. Choreo LLC now owns 86,746 shares of the technology company’s stock worth $384,000 after buying an additional 13,849 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in Nokia Oyj by 1,101.8% during the third quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock worth $786,000 after buying an additional 164,883 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Craig Hallum upped their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group lowered 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. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Nokia Oyj has an average rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Stock Performance

Shares of NOK opened at $4.94 on Friday. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.06. The stock has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.44. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm has a market cap of $26.91 billion, a PE ratio of 19.74, a P/E/G ratio of 6.38 and a beta of 1.06.

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 the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Equities research analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Nokia Oyj 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.