Will Nokia’s Q4 EPS Make These Top Institutional Shareholders Take A Second Look?

Nokia Corporation (NYSE:NOK) declared a fourth quarter earnings per share of €0.06 and revenue of €8.04 billion. The group achieved underlying profitability with a substantial contribution from Nokia Siemens Networks. Operating margin at Devices and Services improved to 1.3% quarter on quarter while that at Nokia Siemens Networks improved to 14.4%, the highest in the latter’s history. Group cash position improved by €800 million, with €650 million contributed by Nokia Siemens Networks. Net sales in the Devices and Services business were down 36% y-on-y to €3.85 billion. Mobile device volume was down 24% to 86.3 million units. These included smartphone volumes of 9.3 million units of Asha, 4.4 million of Lumia and 2.2 million Symbian-based units. Geographically, the Devices and Services business lost net sales in every territory except North America where sales year-on-year by 270%, albeit on a very low base. The company skipped a dividend for the first time in 143 years.

Will Nokia Corporation’s shareholders decrease their holdings? They reported owning a total of 5.705 million shares on 12/31/2012. The shares closed at $3.95 on 12/31/2012.

Here are the ten largest positions in Nokia Corporation at the end of December 31st, 2012.

Foundation Resource Management Inc. held 1,736,838 shares on 12/31/2012 worth $6,860,510. This brought the portfolio total to 0.89%.

Strs Ohio held 1,098,598 shares on 12/31/2012 worth $4,339,462. This brought the portfolio total to 0.02%.

Winchester Group Inc. held 497,857 shares on 12/31/2012 worth $1,966,535. This brought the portfolio total to 0.42%.

Stifel Nicolas & Co. Inc. \MO held 420,094 shares on 12/31/2012 worth $1,659,371. This brought the portfolio total to 0.04%.

Goelzer Investment Management Inc. held 419,801 shares on 12/31/2012 worth $1,658,214. This brought the portfolio total to 0.42%.

Patten & Patten Inc./TN  held 239,500 shares on 12/31/2012 worth $946,025. This brought the portfolio total to 0.17%.

Guinness Atkinson Asset Management Inc. held 216,422 shares on 12/31/2012 worth $854,867. This brought the portfolio total to 0.85%.

Cornerstone Investment Partners LLC. held 198,190 shares on 12/31/2012 worth $782,851. This brought the portfolio total to 0.01%.

Dupont Capital Management Corp. held 149,993 shares on 12/31/2012 worth $592,472. This brought the portfolio total to 0.0%.

DA Davidson & Co. held 147,483 shares on 12/31/2012 worth $582,558. This brought the portfolio total to 0.03%.

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