Murphy Pohlad Asset Management LLC Reduces Holdings in Nokia Oyj (NYSE:NOK)

Murphy Pohlad Asset Management LLC lowered its position in Nokia Oyj (NYSE:NOK) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 624,599 shares of the technology company’s stock after selling 29,441 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Nokia Oyj were worth $2,767,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after purchasing an additional 27,755,460 shares during the period. XTX Topco Ltd purchased a new stake in shares of Nokia Oyj in the third quarter worth approximately $1,417,000. QRG Capital Management Inc. lifted its stake in shares of Nokia Oyj by 92.8% during the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 255,893 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Nokia Oyj by 1,101.8% during the 3rd quarter. IHT Wealth Management LLC now owns 179,848 shares of the technology company’s stock valued at $786,000 after acquiring an additional 164,883 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Nokia Oyj in the 3rd quarter valued at $821,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of NYSE:NOK opened at $4.44 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 55.44, a price-to-earnings-growth ratio of 5.72 and a beta of 1.06. The firm has a 50 day moving average of $4.42 and a 200 day moving average of $4.32. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $4.95.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, sell-side analysts predict that Nokia Oyj will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NOK shares. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $4.35 to $6.35 in a research note on Monday, December 9th. Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Nokia Oyj currently has an average rating of “Moderate Buy” and a consensus price target of $5.86.

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.