Todd Asset Management LLC Sells 22,000 Shares of KT Co. (NYSE:KT)

Todd Asset Management LLC cut its stake in shares of KT Co. (NYSE:KT) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 234,760 shares of the technology company’s stock after selling 22,000 shares during the quarter. Todd Asset Management LLC’s holdings in KT were worth $3,643,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KT. R Squared Ltd bought a new stake in KT during the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after purchasing an additional 4,464 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Trading Up 1.0 %

KT stock opened at $17.81 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.45. The company has a market cap of $9.18 billion, a P/E ratio of 10.00, a PEG ratio of 0.37 and a beta of 0.95. The business has a fifty day moving average of $16.63 and a 200-day moving average of $15.94.

KT (NYSE:KT) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, equities research analysts expect that KT Co. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KT shares. UBS Group assumed coverage on shares of KT in a report on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

About KT

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.