Nokia (Fi) (NOK) Shareholder Bowen Hanes & Co INC Decreased Stake by $4.49 Million as Shares Rose

April 20, 2018 - By Julia Strobel

Nokia Corporation (NYSE:NOK) Corporate Logo

Bowen Hanes & Co Inc’s stake in Nokia (Fi) (NOK) is decreased by 21.88% based on its latest 2017Q4 regulatory filing with the SEC. By selling 1.12 million shares Bowen Hanes & Co Inc made the stock popped up with 13.81%. At the end of 2017Q4, the 4.01 million shares of the radio and television broadcasting and communications equipment company held by the institutional investor were valued at $18.69M, down from 5.13 million at the end of the previous reported quarter. $33.96 billion is the market cap of Nokia (Fi). NOK reached $6.05 during the last trading session after $0.22 change.Currently Nokia Corporation is downtrending after 0.37% change in last April 20, 2017. NOK has 8.02M shares volume. The stock underperformed the S&P500 by 11.92%.

For a total of 382,418 shares it increased its holding in Mccormick & Co (NYSE:MKC) by 33,870 shares in the quarter, and has risen its stake in Zoetis (NYSE:ZTS).

Earnings report for Nokia Corporation (NYSE:NOK) is expected On April, 26 before the open., RTT reports. Analysts predict $0.03 earnings per share, which is $0.00 or 0.00 % from 2017’s $0.03 earnings per share. If earnings per share of $0.03 is announced the profit of NOK could be $168.42M giving it 50.42 P/E. Analysts at Wall Street see Nokia Corporation’s -80.00 % negative EPS growth compared to $0.15 earnings per share for last quarter.

Nokia Corporation (NYSE:NOK) Ratings Coverage

In total 11 analysts cover Nokia Corp (NYSE:NOK). “Buy” rating has 4, “Sell” are 0, while 7 are “Hold”. (NYSE:NOK) has 36% bullish analysts. With $7.5 highest and $4.0 lowest price target, Nokia Corp has $5.91 average price target or -2.31% below the current ($6.05) price. 13 are the (NYSE:NOK)’s ratings reports on Apr 20, 2018 according to StockzIntelligence Inc. In Friday, October 27 report BMO Capital Markets maintained the stock with “Hold” rating. On Monday, February 5 Bank of America upgraded Nokia Corporation (NYSE:NOK) to “Buy” rating. On Friday, February 2 M Partners upgraded Nokia Corporation (NYSE:NOK) rating. M Partners has “Buy” rating and $7.5 target. On Wednesday, April 11 the stock has “Buy” rating by Berenberg. On Friday, October 27 the firm has “Hold” rating by Canaccord Genuity given. In Friday, February 2 report Cowen & Co maintained it with “Hold” rating and $6.0 target. On Tuesday, October 31 the company was downgraded by Charter Equity. On Thursday, February 1 the company was maintained by Canaccord Genuity. On Monday, October 30 the firm earned “Hold” rating by Argus Research. The stock rating was downgraded by Goldman Sachs to “Neutral” on Thursday, January 18.

Nokia Corporation (NYSE:NOK) Analyst Ratings Chart

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