JPMorgan Chase & Co. Raises Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

JPMorgan Chase & Co. increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 2,337.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,748 shares of the Wireless communications provider's stock after acquiring an additional 17,020 shares during the period. JPMorgan Chase & Co.'s holdings in SK Telecom were worth $422,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in shares of SK Telecom by 36.9% during the third quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider's stock valued at $2,309,000 after buying an additional 26,206 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SK Telecom by 64.2% during the second quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider's stock valued at $1,314,000 after purchasing an additional 24,538 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in SK Telecom by 4.4% during the third 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 during the period. QRG Capital Management Inc. grew its position in SK Telecom by 100.8% in the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider's stock worth $1,141,000 after purchasing an additional 24,103 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in SK Telecom during the 2nd quarter valued at $469,000.

SK Telecom Stock Performance

NYSE SKM traded down $0.06 during trading hours on Thursday, hitting $21.53. 163,495 shares of the company's stock traded hands, compared to its average volume of 210,431. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The firm has a market capitalization of $8.48 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.87 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The business's fifty day moving average price is $21.94 and its two-hundred day moving average price is $22.54.

SK Telecom (NYSE:SKM - Get Free Report) last announced its earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. The company had revenue of $3.35 billion for the quarter. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%. Equities research analysts predict that SK Telecom Co., Ltd. will post 1.96 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com cut SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 24th.

About SK Telecom

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.