Mitsubishi UFJ Trust & Banking Corp Buys 21,744 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,322 shares of the Wireless communications provider's stock after buying an additional 21,744 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of SK Telecom worth $4,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of SK Telecom by 83.4% during the 4th quarter. LPL Financial LLC now owns 75,595 shares of the Wireless communications provider's stock valued at $1,591,000 after buying an additional 34,367 shares in the last quarter. American Century Companies Inc. grew its position in shares of SK Telecom by 6.2% in the fourth quarter. American Century Companies Inc. now owns 95,616 shares of the Wireless communications provider's stock valued at $2,012,000 after purchasing an additional 5,594 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in SK Telecom by 14.3% during the 4th quarter. TD Private Client Wealth LLC now owns 12,126 shares of the Wireless communications provider's stock worth $255,000 after purchasing an additional 1,514 shares in the last quarter. Boston Partners bought a new position in SK Telecom in the 4th quarter worth about $1,028,000. Finally, Evoke Wealth LLC purchased a new position in SK Telecom during the 4th quarter valued at about $234,000.

Analyst Ratings Changes

SKM has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. StockNews.com cut SK Telecom from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 12th. Finally, UBS Group assumed coverage on SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

SK Telecom Price Performance

Shares of SKM traded down $0.47 during midday trading on Friday, reaching $21.15. The stock had a trading volume of 578,975 shares, compared to its average volume of 261,065. 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 company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 8.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The company's 50-day moving average is $21.65 and its 200 day moving average is $22.20. 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 (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, equities analysts predict that SK Telecom Co., Ltd. will post 2.27 EPS 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.