DGS Capital Management LLC Reduces Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

DGS Capital Management LLC cut its stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 195,139 shares of the Wireless communications provider's stock after selling 17,185 shares during the quarter. SK Telecom comprises about 1.0% of DGS Capital Management LLC's holdings, making the stock its 14th largest position. DGS Capital Management LLC's holdings in SK Telecom were worth $4,106,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. grew its position in shares of SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider's stock valued at $55,979,000 after purchasing an additional 98,323 shares in the last quarter. Citigroup Inc. grew its position in SK Telecom by 0.3% during the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider's stock worth $19,298,000 after buying an additional 2,737 shares in the last quarter. State Street Corp increased its stake in SK Telecom by 1.4% in the 3rd quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider's stock worth $4,979,000 after acquiring an additional 2,883 shares during the last quarter. Meritage Portfolio Management increased its stake in SK Telecom by 45.6% in the 3rd quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider's stock worth $4,240,000 after acquiring an additional 55,877 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SK Telecom in the 3rd quarter valued at about $4,227,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Friday.

SK Telecom Price Performance

Shares of NYSE SKM traded up $0.03 during mid-day trading on Friday, reaching $21.39. 165,819 shares of the company were exchanged, compared to its average volume of 192,695. The stock has a market capitalization of $8.43 billion, a PE ratio of 9.90, a PEG ratio of 1.87 and a beta of 0.80. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The company's 50 day moving average price is $21.98 and its 200 day moving average price is $22.52.

SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $3.35 billion during the quarter. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%. Sell-side analysts forecast that SK Telecom Co., Ltd. will post 1.96 earnings per share for the current fiscal year.

SK Telecom Company 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.