KT Co. (NYSE:KT) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its position in shares of KT Co. (NYSE:KT - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,320,993 shares of the technology company's stock after selling 42,496 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.26% of KT worth $20,317,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PDS Planning Inc lifted its stake in shares of KT by 6.2% in the 3rd quarter. PDS Planning Inc now owns 18,342 shares of the technology company's stock valued at $282,000 after purchasing an additional 1,065 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in KT by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company's stock worth $5,021,000 after buying an additional 1,244 shares during the period. EverSource Wealth Advisors LLC increased its position in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company's stock valued at $60,000 after acquiring an additional 1,264 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in shares of KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company's stock valued at $294,000 after acquiring an additional 1,403 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in shares of KT by 5.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company's stock worth $433,000 after acquiring an additional 1,487 shares during the last quarter. Institutional investors own 18.86% of the company's stock.

Wall Street Analysts Forecast Growth

KT has been the topic of a number of analyst reports. New Street Research raised KT to a "strong-buy" rating in a research note on Monday, September 9th. StockNews.com raised shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 16th.

KT Stock Down 0.2 %

Shares of NYSE KT traded down $0.04 during midday trading on Monday, reaching $18.11. 2,399,675 shares of the company's stock traded hands, compared to its average volume of 851,429. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.33 and a beta of 0.90. KT Co. has a one year low of $12.10 and a one year high of $18.45. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock's 50 day simple moving average is $15.79 and its 200-day simple moving average is $14.64.

KT 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.