US Bancorp DE grew its stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,295 shares of the Wireless communications provider's stock after purchasing an additional 20,285 shares during the period. US Bancorp DE's holdings in SK Telecom were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Principal Securities Inc. boosted its position in SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after buying an additional 721 shares during the last quarter. GAMMA Investing LLC boosted its position in SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock valued at $64,000 after buying an additional 773 shares during the last quarter. First Affirmative Financial Network lifted its stake in shares of SK Telecom by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider's stock valued at $266,000 after purchasing an additional 1,005 shares during the period. Assetmark Inc. lifted its stake in shares of SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider's stock valued at $70,000 after purchasing an additional 1,078 shares during the period. Finally, Matthews International Capital Management LLC raised its stake in SK Telecom by 102.5% during the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock worth $54,000 after buying an additional 1,291 shares during the period.
SK Telecom Stock Down 0.7 %
Shares of NYSE SKM traded down $0.16 during mid-day trading on Friday, hitting $21.44. The company had a trading volume of 363,181 shares, compared to its average volume of 243,828. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58. 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 $8.44 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The firm has a 50-day simple moving average of $21.60 and a two-hundred day simple moving average of $22.51.
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 net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on SKM shares. UBS Group started coverage on SK Telecom in a report on Wednesday, February 19th. They set a "buy" rating for the company. The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 1st. Three equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on SKM
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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