Boston Partners Takes Position in SK Telecom Co., Ltd. (NYSE:SKM)

Boston Partners acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 48,862 shares of the Wireless communications provider’s stock, valued at approximately $1,028,000.

A number of other large investors have also recently made changes to their positions in the company. Natixis Advisors LLC grew its holdings in SK Telecom by 36.9% during the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock worth $2,309,000 after acquiring an additional 26,206 shares in the last quarter. Rhumbline Advisers grew its stake in shares of SK Telecom by 30.8% during the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider’s stock worth $1,834,000 after purchasing an additional 20,506 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SK Telecom by 2,337.9% in the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider’s stock valued at $422,000 after buying an additional 17,020 shares during the last quarter. Blue Trust Inc. raised its stake in SK Telecom by 51.2% in the fourth quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock valued at $1,385,000 after buying an additional 22,281 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $158,000 after buying an additional 4,265 shares during the last quarter.

SK Telecom Trading Up 0.4 %

NYSE:SKM opened at $21.38 on Friday. The company has a market capitalization of $8.42 billion, a PE ratio of 8.73, a P/E/G ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58. The stock’s 50 day moving average price is $21.66 and its 200 day moving average price is $22.38. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48.

SK Telecom (NYSE:SKM) last announced its earnings results 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, research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SKM shares. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. UBS Group started coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, SK Telecom has a consensus rating of “Hold”.

About SK Telecom

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.