SK Telecom Co., Ltd. (NYSE:SKM) Shares Bought by Ethic Inc.

Ethic Inc. lifted its position in SK Telecom Co., Ltd. (NYSE:SKM) by 28.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,259 shares of the Wireless communications provider’s stock after buying an additional 16,941 shares during the period. Ethic Inc.’s holdings in SK Telecom were worth $1,604,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SKM. Principal Securities Inc. raised its position in SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 721 shares in the last quarter. Matthews International Capital Management LLC raised its holdings in shares of SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 1,291 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after purchasing an additional 773 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in SK Telecom by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider’s stock valued at $122,000 after purchasing an additional 764 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in SK Telecom by 130.8% during the fourth 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 in the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Citigroup lowered SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 8th. UBS Group assumed coverage on SK Telecom in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, JPMorgan Chase & Co. lowered shares of SK Telecom from an “overweight” rating to a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, SK Telecom has an average rating of “Hold”.

SK Telecom Trading Down 3.2%

SK Telecom stock opened at $20.12 on Tuesday. SK Telecom Co., Ltd. has a 12 month low of $20.00 and a 12 month high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.92 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.27 and a beta of 0.63. The company’s fifty day simple moving average is $21.55 and its 200-day simple moving average is $21.87.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

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.