TD Private Client Wealth LLC Acquires 1,514 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

TD Private Client Wealth LLC raised its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,126 shares of the Wireless communications provider’s stock after buying an additional 1,514 shares during the quarter. TD Private Client Wealth LLC’s holdings in SK Telecom were worth $255,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Natixis Advisors LLC boosted its holdings in SK Telecom by 36.9% in the third quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock valued at $2,309,000 after acquiring an additional 26,206 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of SK Telecom by 2.3% during the 3rd quarter. Pathstone Holdings LLC now owns 62,990 shares of the Wireless communications provider’s stock valued at $1,497,000 after purchasing an additional 1,412 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of SK Telecom during the third quarter valued at about $237,000. Citigroup Inc. raised its stake in SK Telecom by 0.3% in the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after buying an additional 2,737 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in SK Telecom in the third quarter worth about $611,000.

Analyst Ratings Changes

Several research analysts have recently issued reports 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 began coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

SK Telecom Stock Down 1.0 %

SKM stock opened at $21.17 on Tuesday. The business has a 50 day moving average of $21.65 and a 200 day moving average of $22.36. The firm has a market cap of $8.34 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve 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.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results 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%. On average, research analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal 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.