Vanguard Personalized Indexing Management LLC Has $151,000 Holdings in Nokia Oyj (NYSE:NOK)

Posted by Defense World Staff on Jun 1st, 2023

Vanguard Personalized Indexing Management LLC trimmed its holdings in Nokia Oyj (NYSE:NOK – Get Rating) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,509 shares of the technology company’s stock after selling 10,087 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nokia Oyj were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of NOK. First Trust Advisors LP grew its position in shares of Nokia Oyj by 6.1% in the 4th quarter. First Trust Advisors LP now owns 2,463,534 shares of the technology company’s stock valued at $11,438,000 after purchasing an additional 141,814 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Nokia Oyj in the fourth quarter valued at approximately $879,000. Dimensional Fund Advisors LP increased its position in shares of Nokia Oyj by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,399,138 shares of the technology company’s stock worth $38,972,000 after acquiring an additional 571,926 shares in the last quarter. XY Capital Ltd bought a new stake in Nokia Oyj in the 4th quarter valued at $738,000. Finally, MAI Capital Management bought a new stake in Nokia Oyj in the 4th quarter valued at $141,000. Institutional investors and hedge funds own 7.57% of the company’s stock.

Analyst Ratings Changes

NOK has been the topic of several research reports. Raymond James cut their target price on Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, April 21st. TheStreet upgraded shares of Nokia Oyj from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th. Finally, StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.73.

Nokia Oyj Trading Down 0.2 %

Nokia Oyj stock opened at $4.01 on Thursday. The stock has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $4.61. The stock has a market capitalization of $22.59 billion, a P/E ratio of 5.08, a PEG ratio of 5.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.55. Nokia Oyj has a 52 week low of $3.93 and a 52 week high of $5.28.

Nokia Oyj (NYSE:NOK – Get Rating) last issued its earnings results on Wednesday, April 19th. The technology company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). Nokia Oyj had a return on equity of 11.57% and a net margin of 16.78%. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Nokia Oyj will post 0.44 earnings per share for the current year.

Nokia Oyj Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 9th. Stockholders of record on Tuesday, April 25th were paid a dividend of $0.0329 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, April 24th. This is a boost from Nokia Oyj’s previous quarterly dividend of $0.02. Nokia Oyj’s dividend payout ratio (DPR) is currently 11.39%.

About Nokia Oyj

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Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.