Wellington Management Group LLP Has $153.91 Million Holdings in KT Co. (NYSE:KT)

Wellington Management Group LLP increased its position in shares of KT Co. (NYSE:KT) by 392.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,917,081 shares of the technology company’s stock after buying an additional 7,901,522 shares during the period. Wellington Management Group LLP owned 1.92% of KT worth $153,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of KT in the fourth quarter valued at approximately $36,000. Principal Securities Inc. raised its stake in KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,544 shares during the period. GAMMA Investing LLC lifted its holdings in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after purchasing an additional 2,902 shares during the last quarter. Global Retirement Partners LLC boosted its position 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 purchasing an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock valued at $124,000 after purchasing an additional 2,181 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports 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. 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 started coverage on KT in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock.

KT Trading Down 2.0 %

Shares of KT stock opened at $17.33 on Thursday. KT Co. has a 52-week low of $12.10 and a 52-week high of $18.74. The stock has a market cap of $8.94 billion, a PE ratio of 9.74, a PEG ratio of 0.37 and a beta of 0.95. The firm has a 50-day moving average of $17.55 and a 200-day moving average of $16.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

KT Profile

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.