Blue Trust Inc. Has $1.39 Million Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Blue Trust Inc. grew its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 51.2% during the 4th quarter, HoldingsChannel reports. The firm owned 65,823 shares of the Wireless communications provider’s stock after acquiring an additional 22,281 shares during the quarter. Blue Trust Inc.’s holdings in SK Telecom were worth $1,385,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its position in shares of SK Telecom by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after purchasing an additional 98,323 shares during the last quarter. Citigroup Inc. grew its position in shares of SK Telecom by 0.3% in the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock valued at $19,298,000 after purchasing an additional 2,737 shares during the last quarter. DGS Capital Management LLC grew its position in shares of SK Telecom by 14.7% in 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. State Street Corp lifted its stake in shares of SK Telecom by 1.4% in the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock valued at $4,979,000 after buying an additional 2,883 shares during the period. Finally, Meritage Portfolio Management lifted its stake in shares of SK Telecom by 45.6% in the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after buying an additional 55,877 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

SK Telecom Stock Down 0.8 %

NYSE SKM opened at $21.66 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a 50-day simple moving average of $21.98 and a 200 day simple moving average of $22.55. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58. The stock has a market cap of $8.53 billion, a PE ratio of 10.03, a PEG ratio of 1.87 and a beta of 0.80.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. The firm had revenue of $3.35 billion during the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. On average, research analysts forecast that SK Telecom Co., Ltd. will post 1.96 EPS for the current year.

SK Telecom 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.