Wellington Management Group LLP Acquires 7,901,522 Shares of KT Co. (NYSE:KT)

Wellington Management Group LLP grew its holdings in shares of KT Co. (NYSE:KT - Free Report) by 392.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,917,081 shares of the technology company's stock after buying an additional 7,901,522 shares during the quarter. Wellington Management Group LLP owned 1.92% of KT worth $153,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new position in KT during the 4th quarter valued at about $36,000. Principal Securities Inc. lifted its holdings in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,544 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after buying an additional 2,902 shares during the last quarter. Global Retirement Partners LLC grew its holdings in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after buying an additional 2,181 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

KT has been the topic of a number of analyst reports. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. StockNews.com downgraded shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, UBS Group began coverage on shares of KT in a research note on Wednesday, February 19th. They issued a "buy" rating for the company.

KT Stock Performance

KT stock traded down $0.23 during midday trading on Monday, hitting $17.10. The company's stock had a trading volume of 1,283,044 shares, compared to its average volume of 1,083,177. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.37 and a beta of 0.83. 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 price is $17.53 and its 200 day moving average price is $16.54. KT Co. has a 1 year low of $12.10 and a 1 year high of $18.74.

About KT

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.