US Bancorp DE increased its stake in KT Co. (NYSE:KT - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,354 shares of the technology company's stock after acquiring an additional 13,992 shares during the quarter. US Bancorp DE owned 0.06% of KT worth $4,413,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its stake in shares of KT by 18.8% in the third quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company's stock valued at $823,000 after buying an additional 7,858 shares in the last quarter. JPMorgan Chase & Co. grew its position in KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after purchasing an additional 45,941 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in KT in the 3rd quarter valued at about $779,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in KT in the 3rd quarter valued at about $592,000. Finally, Alberta Investment Management Corp purchased a new stake in KT in the 4th quarter valued at about $11,986,000. Institutional investors own 18.86% of the company's stock.
KT Stock Performance
KT stock traded down $0.01 during trading on Friday, hitting $17.91. The stock had a trading volume of 1,249,886 shares, compared to its average volume of 1,470,197. KT Co. has a 1 year low of $12.10 and a 1 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 moving average is $16.89 and its two-hundred day moving average is $16.13. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95.
Analysts Set New Price Targets
Several research firms have commented on KT. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. UBS Group started coverage on KT in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th.
Check Out Our Latest Stock Report on KT
KT Company Profile
(
Free Report)
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.
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