US Bancorp DE Boosts Position in Nokia Corporation (NOK)
US Bancorp DE boosted its stake in shares of Nokia Corporation (NYSE:NOK) by 19.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,571 shares of the technology company’s stock after buying an additional 14,609 shares during the period. US Bancorp DE’s holdings in Nokia Corporation were worth $545,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. increased its position in Nokia Corporation by 14.6% in the first quarter. Cutter & CO Brokerage Inc. now owns 21,192 shares of the technology company’s stock valued at $115,000 after buying an additional 2,700 shares during the last quarter. Smithbridge Asset Management Inc. DE purchased a new position in Nokia Corporation during the second quarter valued at approximately $119,000. Chevy Chase Trust Holdings Inc. purchased a new position in Nokia Corporation during the first quarter valued at approximately $136,000. Two Sigma Securities LLC purchased a new position in Nokia Corporation during the first quarter valued at approximately $150,000. Finally, First Command Bank increased its position in Nokia Corporation by 100.0% in the second quarter. First Command Bank now owns 25,788 shares of the technology company’s stock valued at $158,000 after buying an additional 12,894 shares during the last quarter. 5.89% of the stock is currently owned by institutional investors.
Shares of Nokia Corporation (NYSE NOK) traded up 0.16% on Wednesday, hitting $6.34. The stock had a trading volume of 3,602,934 shares. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65. The company’s market capitalization is $35.83 billion. The firm has a 50-day moving average of $6.30 and a 200 day moving average of $5.80.
Nokia Corporation (NYSE:NOK) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. On average, equities analysts anticipate that Nokia Corporation will post $0.29 earnings per share for the current fiscal year.
Several equities analysts have recently commented on NOK shares. Societe Generale started coverage on Nokia Corporation in a research report on Wednesday, June 14th. They issued a “buy” rating on the stock. Vetr downgraded Nokia Corporation from a “strong-buy” rating to a “buy” rating and set a $7.10 target price on the stock. in a research report on Wednesday, July 12th. BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $6.00 target price on shares of Nokia Corporation in a research report on Monday, May 15th. Finally, Zacks Investment Research raised Nokia Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.97.
Nokia Corporation Company 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.
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