Creative Planning Has $3.07 Million Stock Holdings in KT Co. (NYSE:KT)

Creative Planning increased its position in KT Co. (NYSE:KT - Free Report) by 46.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,748 shares of the technology company's stock after purchasing an additional 63,338 shares during the quarter. Creative Planning's holdings in KT were worth $3,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KT. Redhawk Wealth Advisors Inc. bought a new stake in KT in the 3rd quarter valued at $691,000. Ritholtz Wealth Management raised its position in shares of KT by 15.8% in the third quarter. Ritholtz Wealth Management now owns 64,066 shares of the technology company's stock valued at $985,000 after purchasing an additional 8,735 shares during the period. Aprio Wealth Management LLC raised its position in shares of KT by 47.2% in the third quarter. Aprio Wealth Management LLC now owns 16,231 shares of the technology company's stock valued at $250,000 after purchasing an additional 5,201 shares during the period. SG Americas Securities LLC acquired a new stake in shares of KT during the 3rd quarter worth about $474,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of KT during the 2nd quarter worth about $525,000. 18.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KT has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of KT from a "buy" rating to a "neutral" rating in a report on Thursday, July 11th. New Street Research raised KT to a "strong-buy" rating in a report on Monday, September 9th. Finally, StockNews.com upgraded KT from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 23rd.

KT Stock Performance

KT stock traded up $0.09 during midday trading on Friday, hitting $15.80. The company's stock had a trading volume of 499,179 shares, compared to its average volume of 745,193. The company has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $14.01. KT Co. has a 1-year low of $11.83 and a 1-year high of $15.98. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The company had revenue of $4.77 billion during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. As a group, sell-side analysts predict that KT Co. will post 1.86 earnings per share for the current year.

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.