Sequoia Financial Advisors LLC Buys 1,860 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Sequoia Financial Advisors LLC increased its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,352 shares of the Wireless communications provider’s stock after purchasing an additional 1,860 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SK Telecom were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SKM. Natixis Advisors LLC boosted its holdings in SK Telecom by 36.9% in the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock valued at $2,309,000 after purchasing an additional 26,206 shares during the period. Rhumbline Advisers raised its position in shares of SK Telecom by 30.8% in the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider’s stock valued at $1,834,000 after buying an additional 20,506 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 period. Blue Trust Inc. grew its position in SK Telecom by 51.2% during the fourth quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock worth $1,385,000 after buying an additional 22,281 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake 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 acquiring an additional 4,265 shares during the period.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SKM shares. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group cut shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

SK Telecom Price Performance

SK Telecom stock opened at $21.52 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The stock has a market capitalization of $8.48 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The stock has a fifty day moving average of $21.64 and a 200-day moving average of $22.42.

SK Telecom (NYSE:SKM) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share 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.