SK Telecom Co., Ltd. (NYSE:SKM) Stake Boosted by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,823 shares of the Wireless communications provider’s stock after purchasing an additional 22,281 shares during the quarter. Blue Trust Inc.’s holdings in SK Telecom were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SKM. GAMMA Investing LLC grew its holdings in SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares in the last quarter. Assetmark Inc. grew its holdings in SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares in the last quarter. Ariadne Wealth Management LP bought a new position in SK Telecom in the 2nd quarter worth approximately $127,000. PDS Planning Inc bought a new position in SK Telecom in the 3rd quarter worth approximately $200,000. Finally, D Orazio & Associates Inc. bought a new position in SK Telecom in the 3rd quarter worth approximately $200,000.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

SK Telecom Stock Performance

SKM opened at $21.66 on Wednesday. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. SK Telecom Co., Ltd. has a 1-year low of $19.88 and a 1-year high of $24.58. The business has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $22.55.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%. The company had revenue of $3.35 billion during the quarter. Research analysts predict that SK Telecom Co., Ltd. will post 1.96 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.