Greenleaf Trust Reduces Position in Nokia Oyj (NOK)

Greenleaf Trust lowered its position in Nokia Oyj (NYSE:NOK) by 26.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,908 shares of the technology company’s stock after selling 13,049 shares during the period. Greenleaf Trust’s holdings in Nokia Oyj were worth $200,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BB&T Securities LLC acquired a new position in Nokia Oyj in the second quarter worth approximately $105,000. OLD National Bancorp IN acquired a new position in Nokia Oyj in the second quarter worth approximately $129,000. Suntrust Banks Inc. increased its holdings in Nokia Oyj by 75.7% in the first quarter. Suntrust Banks Inc. now owns 31,580 shares of the technology company’s stock worth $171,000 after buying an additional 13,606 shares during the last quarter. Sei Investments Co. increased its holdings in Nokia Oyj by 86.0% in the first quarter. Sei Investments Co. now owns 35,904 shares of the technology company’s stock worth $197,000 after buying an additional 16,602 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Nokia Oyj by 816.1% in the second quarter. Envestnet Asset Management Inc. now owns 40,988 shares of the technology company’s stock worth $236,000 after buying an additional 36,514 shares during the last quarter. Hedge funds and other institutional investors own 6.84% of the company’s stock.

Shares of NOK stock opened at $5.80 on Friday. Nokia Oyj has a 12 month low of $4.51 and a 12 month high of $6.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.29. The company has a market cap of $32.66 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 2.42 and a beta of 0.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, October 25th. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate 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 company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.56 billion. On average, sell-side analysts anticipate that Nokia Oyj will post 0.26 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Canaccord Genuity upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 26th. DNB Markets upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Wednesday, October 24th. ValuEngine upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Exane BNP Paribas downgraded Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Nokia Oyj has a consensus rating of “Hold” and an average price target of $5.92.

Nokia Oyj Company Profile

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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