Flippin Bruce & Porter Inc. Decreases Holdings in Nokia Corporation (NOK)

Flippin Bruce & Porter Inc. lowered its stake in shares of Nokia Corporation (NYSE:NOK) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 350,705 shares of the technology company’s stock after selling 13,500 shares during the period. Flippin Bruce & Porter Inc.’s holdings in Nokia Corporation were worth $2,097,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Teachers Advisors LLC boosted its stake in shares of Nokia Corporation by 53.3% during the 2nd quarter. Teachers Advisors LLC now owns 6,947,398 shares of the technology company’s stock valued at $42,796,000 after buying an additional 2,414,440 shares during the period. TCW Group Inc. boosted its stake in shares of Nokia Corporation by 30.8% during the 3rd quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company’s stock valued at $36,327,000 after buying an additional 1,429,672 shares during the period. Northern Trust Corp boosted its stake in shares of Nokia Corporation by 0.6% during the 2nd quarter. Northern Trust Corp now owns 5,811,715 shares of the technology company’s stock valued at $35,801,000 after buying an additional 34,906 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of Nokia Corporation by 17.2% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company’s stock valued at $24,017,000 after buying an additional 589,445 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Nokia Corporation by 705.5% during the 2nd quarter. Renaissance Technologies LLC now owns 3,328,880 shares of the technology company’s stock valued at $20,506,000 after buying an additional 2,915,600 shares during the period. 5.87% of the stock is owned by institutional investors.

Shares of Nokia Corporation (NOK) traded down $0.04 on Tuesday, reaching $4.82. 6,345,089 shares of the company traded hands, compared to its average volume of 13,565,715. Nokia Corporation has a 12-month low of $4.04 and a 12-month high of $6.65. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.21. The company has a market cap of $28,200.00, a P/E ratio of 13.64, a PEG ratio of 1.11 and a beta of 1.25.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Nokia Corporation had a negative net margin of 2.09% and a positive return on equity of 9.88%. The company had revenue of $5.54 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. equities research analysts forecast that Nokia Corporation will post 0.33 EPS for the current year.

NOK has been the subject of a number of research reports. Zacks Investment Research lowered shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub lowered shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. BMO Capital Markets set a $6.00 target price on shares of Nokia Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. Vetr lowered shares of Nokia Corporation from a “strong-buy” rating to a “buy” rating and set a $7.13 target price for the company. in a research note on Thursday, July 27th. Finally, Canaccord Genuity reissued a “hold” rating and set a $7.00 target price on shares of Nokia Corporation in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.75.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://transcriptdaily.com/2017/11/14/flippin-bruce-porter-inc-decreases-holdings-in-nokia-corporation-nok.html.

Nokia Corporation Profile

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.

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

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

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

Leave a Reply