Grantham Mayo Van Otterloo & Co. LLC Takes $445,000 Position in Nokia Oyj (NYSE:NOK)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Nokia Oyj (NYSE:NOK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 100,552 shares of the technology company's stock, valued at approximately $445,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC purchased a new stake in Nokia Oyj in the fourth quarter valued at approximately $45,000. D.A. Davidson & CO. acquired a new stake in shares of Nokia Oyj in the 4th quarter worth $46,000. Wedmont Private Capital purchased a new stake in shares of Nokia Oyj in the 4th quarter worth about $47,000. Wealthstream Advisors Inc. purchased a new position in Nokia Oyj during the 4th quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in Nokia Oyj during the fourth quarter worth about $58,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Trading Up 1.2 %

Shares of NOK traded up $0.06 during trading hours on Monday, hitting $5.02. The stock had a trading volume of 4,065,844 shares, compared to its average volume of 21,304,760. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.48. The firm has a market cap of $27.37 billion, a P/E ratio of 20.08, a P/E/G ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. The company's fifty day simple moving average is $5.05 and its 200 day simple moving average is $4.68.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping 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%. Equities research analysts forecast that Nokia Oyj will post 0.34 EPS for the current fiscal year.

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Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOK. StockNews.com downgraded Nokia Oyj from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a report on Friday, February 21st. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective on the stock. in a report on Thursday, January 16th. Finally, Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.85.

About Nokia Oyj

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.