Raymond James Financial Inc. acquired a new position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 89,296 shares of the Wireless communications provider's stock, valued at approximately $1,879,000.
Several other large investors also recently bought and sold shares of the company. Principal Securities Inc. boosted its stake in shares of SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 721 shares during the last quarter. Matthews International Capital Management LLC lifted its holdings in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after purchasing an additional 1,291 shares in the last quarter. GAMMA Investing LLC boosted its stake in SK Telecom by 34.4% during the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock worth $64,000 after purchasing an additional 773 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of SK Telecom by 130.8% during the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after buying an additional 4,265 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of SK Telecom by 180.1% in the fourth quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock valued at $174,000 after buying an additional 5,311 shares during the last quarter.
Analyst Ratings Changes
SKM has been the subject of several research reports. The Goldman Sachs Group cut shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. StockNews.com lowered SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. Finally, UBS Group began coverage on SK Telecom in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. Three research 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 presently has a consensus rating of "Hold".
Get Our Latest Analysis on SK Telecom
SK Telecom Trading Down 2.2 %
SKM traded down $0.47 during trading hours on Friday, reaching $21.15. The company's stock had a trading volume of 578,975 shares, compared to its average volume of 261,065. The business's 50-day moving average is $21.65 and its 200-day moving average is $22.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market cap of $8.33 billion, a PE ratio of 8.63, a P/E/G ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58.
SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.
About SK Telecom
(
Free Report)
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.
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