Cpwm LLC Buys New Holdings in Nokia Oyj (NOK)

Cpwm LLC bought a new position in shares of Nokia Oyj (NYSE:NOK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 93,541 shares of the technology company’s stock, valued at approximately $522,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BB&T Securities LLC bought a new position in shares of Nokia Oyj in the 2nd quarter worth about $105,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Nokia Oyj by 31.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 40,077 shares of the technology company’s stock worth $224,000 after acquiring an additional 9,657 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Nokia Oyj by 816.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,988 shares of the technology company’s stock worth $236,000 after acquiring an additional 36,514 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Nokia Oyj by 63.4% in the 2nd quarter. Centaurus Financial Inc. now owns 42,561 shares of the technology company’s stock worth $245,000 after acquiring an additional 16,511 shares in the last quarter. Finally, Institute for Wealth Management LLC. raised its position in shares of Nokia Oyj by 61.9% in the 2nd quarter. Institute for Wealth Management LLC. now owns 44,204 shares of the technology company’s stock worth $250,000 after acquiring an additional 16,905 shares in the last quarter. 6.96% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on NOK shares. Zacks Investment Research raised Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Wednesday, October 24th. Canaccord Genuity raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Exane BNP Paribas lowered Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 19th. ValuEngine raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Credit Suisse Group raised Nokia Oyj from an “underperform” rating to a “buy” rating and boosted their target price for the company from $5.56 to $7.00 in a research report on Wednesday, September 19th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.26.

Shares of Nokia Oyj stock opened at $5.62 on Friday. Nokia Oyj has a one year low of $4.51 and a one year high of $6.41. The stock has a market capitalization of $30.41 billion, a P/E ratio of 15.19, a PEG ratio of 2.25 and a beta of 0.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.29 and a quick ratio of 1.05.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, October 25th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.56 billion. Analysts expect that Nokia Oyj will post 0.26 EPS for the current fiscal year.

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About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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