DGS Capital Management LLC Has $4.11 Million Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

DGS Capital Management LLC lowered its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 195,139 shares of the Wireless communications provider’s stock after selling 17,185 shares during the period. SK Telecom makes up about 1.0% of DGS Capital Management LLC’s holdings, making the stock its 14th biggest holding. DGS Capital Management LLC’s holdings in SK Telecom were worth $4,106,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of SKM. American Century Companies Inc. raised its holdings in SK Telecom by 22.7% during the 2nd quarter. American Century Companies Inc. now owns 55,161 shares of the Wireless communications provider’s stock worth $1,155,000 after purchasing an additional 10,209 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SK Telecom by 64.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 62,780 shares of the Wireless communications provider’s stock valued at $1,314,000 after purchasing an additional 24,538 shares during the period. Hsbc Holdings PLC boosted its position in shares of SK Telecom by 20.0% during the 2nd quarter. Hsbc Holdings PLC now owns 38,321 shares of the Wireless communications provider’s stock valued at $802,000 after purchasing an additional 6,380 shares in the last quarter. Sei Investments Co. grew its stake in SK Telecom by 2.3% during the second quarter. Sei Investments Co. now owns 137,301 shares of the Wireless communications provider’s stock worth $2,874,000 after purchasing an additional 3,115 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in SK Telecom by 24.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 652 shares in the last quarter.

SK Telecom Stock Up 0.2 %

Shares of NYSE:SKM opened at $21.39 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58. The business’s 50 day simple moving average is $22.00 and its two-hundred day simple moving average is $22.51. The firm has a market cap of $8.43 billion, a P/E ratio of 9.90, a PEG ratio of 1.87 and a beta of 0.80.

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

Wall Street Analyst Weigh In

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

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.