Vanguard Personalized Indexing Management LLC Has $256,000 Stock Holdings in Nokia Corporation $NOK

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Nokia Corporation (NYSE:NOK) by 15.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,384 shares of the technology company’s stock after purchasing an additional 6,507 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Nokia were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its position in shares of Nokia by 10.4% during the second quarter. Concurrent Investment Advisors LLC now owns 32,561 shares of the technology company’s stock worth $169,000 after purchasing an additional 3,065 shares during the period. Brucke Financial Inc. acquired a new position in Nokia during the second quarter valued at $85,000. PDS Planning Inc lifted its stake in Nokia by 8.7% in the 2nd quarter. PDS Planning Inc now owns 37,310 shares of the technology company’s stock worth $193,000 after acquiring an additional 2,998 shares in the last quarter. Blue Trust Inc. lifted its stake in Nokia by 25.7% in the 2nd quarter. Blue Trust Inc. now owns 63,126 shares of the technology company’s stock worth $327,000 after acquiring an additional 12,900 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in Nokia in the 2nd quarter worth about $455,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Stock Up 2.0%

Shares of NOK stock opened at $6.30 on Friday. The stock’s 50 day simple moving average is $4.83 and its 200 day simple moving average is $4.90. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.46. Nokia Corporation has a twelve month low of $3.91 and a twelve month high of $6.34. The company has a market capitalization of $33.87 billion, a price-to-earnings ratio of 34.97 and a beta of 0.85.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same period last year, the business earned $0.06 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, research analysts predict that Nokia Corporation will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOK. Raymond James Financial reissued an “outperform” rating on shares of Nokia in a research note on Thursday. Northland Securities set a $7.50 price objective on Nokia in a research note on Friday. BNP Paribas raised Nokia from a “hold” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. increased their price objective on Nokia from $6.00 to $7.10 and gave the stock an “overweight” rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nokia currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.87.

Nokia Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.