LPL Financial LLC Has $1.59 Million Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

LPL Financial LLC boosted its stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 83.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,595 shares of the Wireless communications provider's stock after acquiring an additional 34,367 shares during the period. LPL Financial LLC's holdings in SK Telecom were worth $1,591,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in SK Telecom by 1.4% during the 3rd quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider's stock worth $4,979,000 after buying an additional 2,883 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in SK Telecom during the third quarter worth $343,000. Sanctuary Advisors LLC boosted its holdings in SK Telecom by 10.1% in the third quarter. Sanctuary Advisors LLC now owns 25,043 shares of the Wireless communications provider's stock worth $570,000 after purchasing an additional 2,295 shares during the period. DGS Capital Management LLC increased its stake in SK Telecom by 14.7% during the third quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider's stock valued at $5,047,000 after purchasing an additional 27,173 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of SK Telecom by 2,337.9% during the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock worth $422,000 after purchasing an additional 17,020 shares during the period.

Wall Street Analyst Weigh In

SKM has been the subject of several recent research reports. StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Friday. UBS Group assumed coverage on SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

SK Telecom Trading Up 1.3 %

Shares of SK Telecom stock traded up $0.31 during trading on Tuesday, hitting $23.21. The stock had a trading volume of 378,015 shares, compared to its average volume of 266,970. SK Telecom Co., Ltd. has a 1 year low of $20.28 and a 1 year high of $24.58. The stock has a 50 day simple moving average of $21.76 and a 200 day simple moving average of $22.02. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9.14 billion, a PE ratio of 9.47, a P/E/G ratio of 1.27 and a beta of 0.71.

SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, research analysts expect 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.