Boston Partners Purchases New Position in SK Telecom Co., Ltd. (NYSE:SKM)

Boston Partners acquired a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,862 shares of the Wireless communications provider's stock, valued at approximately $1,028,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its position in shares of SK Telecom by 36.9% during the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider's stock valued at $2,309,000 after acquiring an additional 26,206 shares during the last quarter. Rhumbline Advisers raised its stake in SK Telecom by 30.8% in the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider's stock valued at $1,834,000 after purchasing an additional 20,506 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SK Telecom by 2,337.9% during the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock valued at $422,000 after purchasing an additional 17,020 shares during the last quarter. Blue Trust Inc. grew its stake in SK Telecom by 51.2% in the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider's stock worth $1,385,000 after buying an additional 22,281 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of SK Telecom by 130.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after buying an additional 4,265 shares during the last quarter.

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SK Telecom Trading Up 0.1 %

NYSE SKM traded up $0.02 during trading on Wednesday, hitting $21.31. 214,883 shares of the company's stock traded hands, compared to its average volume of 247,149. The firm has a market cap of $8.39 billion, a P/E ratio of 8.70, a PEG ratio of 1.27 and a beta of 0.77. The stock has a fifty day moving average of $21.65 and a two-hundred day moving average of $22.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SKM shares. The Goldman Sachs Group downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. UBS Group assumed coverage on SK Telecom in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, StockNews.com cut shares of SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, SK Telecom presently has an average rating of "Hold".

SK Telecom Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.