PNC Financial Services Group Inc. Has $854,000 Holdings in Nokia Oyj (NOK)

PNC Financial Services Group Inc. boosted its stake in shares of Nokia Oyj (NYSE:NOK) by 13.4% during the 3rd quarter, Holdings Channel reports. The fund owned 152,864 shares of the technology company’s stock after purchasing an additional 18,057 shares during the period. PNC Financial Services Group Inc.’s holdings in Nokia Oyj were worth $854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BB&T Securities LLC bought a new stake in Nokia Oyj during the second quarter worth approximately $105,000. Cambridge Investment Research Advisors Inc. increased its stake in Nokia Oyj by 31.7% during the third 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 during the last quarter. Envestnet Asset Management Inc. increased its stake in Nokia Oyj by 816.1% during the second 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 during the last quarter. Centaurus Financial Inc. increased its stake in Nokia Oyj by 63.4% during the second 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 during the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in Nokia Oyj by 61.9% during the second 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 during the last quarter. 6.96% of the stock is currently owned by institutional investors.

NOK opened at $5.94 on Friday. The company has a market cap of $33.48 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62. Nokia Oyj has a one year low of $4.57 and a one year high of $6.41. The company has a current ratio of 1.29, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last released 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. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.56 billion. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. As a group, equities research analysts predict that Nokia Oyj will post 0.25 earnings per share for the current year.

A number of research analysts have recently commented on NOK shares. Credit Suisse Group raised Nokia Oyj from an “underperform” rating to a “buy” rating and upped their target price for the company from $5.56 to $7.00 in a research note on Wednesday, September 19th. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nokia Oyj in a research note on Monday, September 17th. Canaccord Genuity raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Finally, DNB Markets raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Thursday, October 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.26.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2018/12/16/pnc-financial-services-group-inc-has-854000-holdings-in-nokia-oyj-nok.html.

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.

Further Reading: Why do companies issue stock splits?

Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK).

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

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit