LPL Financial LLC Acquires 31,096 Shares of KT Co. (NYSE:KT)

LPL Financial LLC raised its stake in shares of KT Co. (NYSE:KT - Free Report) by 62.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,289 shares of the technology company's stock after buying an additional 31,096 shares during the period. LPL Financial LLC's holdings in KT were worth $1,262,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in KT in the 4th quarter worth $36,000. Principal Securities Inc. increased its stake in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares during the period. GAMMA Investing LLC increased its stake in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC grew its stake in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after purchasing an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares during the period. Institutional investors and hedge funds own 18.86% of the company's stock.

Wall Street Analysts Forecast Growth

KT has been the subject of a number of research analyst reports. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. Finally, UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock.

KT Trading Down 0.3 %

Shares of NYSE:KT traded down $0.05 during midday trading on Wednesday, hitting $18.40. 165,242 shares of the stock were exchanged, compared to its average volume of 1,099,773. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 0.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The business's 50-day moving average price is $17.62 and its 200 day moving average price is $16.72. KT Co. has a 12 month low of $12.39 and a 12 month high of $18.74.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.