Nokia Corporation (NOK) Position Boosted by Nationwide Fund Advisors
Nationwide Fund Advisors increased its stake in Nokia Corporation (NYSE:NOK) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,400 shares of the technology company’s stock after acquiring an additional 900 shares during the quarter. Nationwide Fund Advisors’ holdings in Nokia Corporation were worth $323,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Smithbridge Asset Management Inc. DE acquired a new position in Nokia Corporation in the second quarter valued at approximately $119,000. Geneva Advisors LLC acquired a new position in Nokia Corporation in the second quarter valued at approximately $125,000. Cutter & CO Brokerage Inc. lifted its stake in Nokia Corporation by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after buying an additional 1,801 shares during the period. CIBC World Markets Inc. lifted its stake in Nokia Corporation by 26.7% in the second quarter. CIBC World Markets Inc. now owns 26,594 shares of the technology company’s stock valued at $164,000 after buying an additional 5,610 shares during the period. Finally, IFP Advisors Inc lifted its stake in Nokia Corporation by 71.4% in the second quarter. IFP Advisors Inc now owns 29,098 shares of the technology company’s stock valued at $179,000 after buying an additional 12,122 shares during the period. 5.87% of the stock is currently owned by institutional investors.
Nokia Corporation (NYSE NOK) opened at $4.96 on Friday. Nokia Corporation has a 1 year low of $4.04 and a 1 year high of $6.65. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 1.59. The company has a market capitalization of $29,473.15, a price-to-earnings ratio of 14.03, a PEG ratio of 1.14 and a beta of 1.24.
Nokia Corporation (NYSE:NOK) last issued its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 EPS. sell-side analysts forecast that Nokia Corporation will post 0.33 earnings per share for the current fiscal year.
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Several research firms have recently commented on NOK. Vetr upgraded Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.28 price objective for the company in a report on Friday, July 14th. BidaskClub upgraded Nokia Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded Nokia Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BMO Capital Markets set a $6.00 price objective on Nokia Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, Canaccord Genuity restated a “hold” rating and set a $7.00 price objective on shares of Nokia Corporation in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company. Nokia Corporation presently has a consensus rating of “Hold” and a consensus target price of $5.75.
About Nokia Corporation
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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