Nokia Oyj (NYSE:NOK) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc cut its holdings in shares of Nokia Oyj (NYSE:NOK) by 25.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NOK. Pinnacle Associates Ltd. acquired a new stake in shares of Nokia Oyj during the 3rd quarter valued at about $44,000. PEAK6 Investments LLC acquired a new stake in shares of Nokia Oyj during the 3rd quarter valued at about $45,000. Foundations Investment Advisors LLC acquired a new stake in shares of Nokia Oyj during the 4th quarter valued at about $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the 4th quarter valued at about $46,000. Finally, Wedmont Private Capital purchased a new position in Nokia Oyj in the 4th quarter valued at about $47,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NOK shares. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target on the stock. in a research note on Thursday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday. Finally, StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.85.

Nokia Oyj Trading Down 1.1 %

NOK opened at $4.94 on Friday. Nokia Oyj has a one year low of $3.29 and a one year high of $5.06. The stock has a market capitalization of $26.91 billion, a PE ratio of 19.74, a P/E/G ratio of 6.38 and a beta of 1.06. The business’s 50 day moving average price is $4.63 and its 200 day moving average price is $4.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 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%. As a group, equities research analysts expect that Nokia Oyj will post 0.34 EPS for the current 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.