Nokia Corporation (NOK) Shares Sold by Comerica Bank

Comerica Bank decreased its position in shares of Nokia Corporation (NYSE:NOK) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 319,175 shares of the technology company’s stock after selling 21,847 shares during the quarter. Comerica Bank’s holdings in Nokia Corporation were worth $1,989,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. raised its holdings in Nokia Corporation by 203.7% during the 2nd quarter. Capstone Asset Management Co. now owns 1,492,156 shares of the technology company’s stock worth $9,192,000 after purchasing an additional 1,000,888 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Nokia Corporation by 108.2% during the 1st quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock worth $112,821,000 after purchasing an additional 10,817,897 shares during the last quarter. Bank Hapoalim BM raised its holdings in Nokia Corporation by 70.6% during the 1st quarter. Bank Hapoalim BM now owns 57,990 shares of the technology company’s stock worth $314,000 after purchasing an additional 24,000 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Nokia Corporation by 26.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 210,259 shares of the technology company’s stock worth $1,140,000 after purchasing an additional 43,704 shares during the last quarter. Finally, Brandes Investment Partners LP raised its holdings in Nokia Corporation by 6.7% during the 1st quarter. Brandes Investment Partners LP now owns 11,469,670 shares of the technology company’s stock worth $62,166,000 after purchasing an additional 717,676 shares during the last quarter. Hedge funds and other institutional investors own 5.86% of the company’s stock.

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Shares of Nokia Corporation (NYSE:NOK) opened at 6.16 on Friday. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65. The firm has a 50-day moving average price of $6.26 and a 200 day moving average price of $5.98. The company’s market cap is $34.82 billion.

Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Equities analysts predict that Nokia Corporation will post $0.30 earnings per share for the current year.

Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Vetr raised shares of Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.28 price objective for the company in a research report on Friday, July 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Nokia Corporation in a research report on Friday, June 16th. BidaskClub downgraded shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $5.75 price objective on shares of Nokia Corporation in a research report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued 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 price target of $5.97.

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.

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

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