OVERSEA CHINESE BANKING Corp Ltd Has $800,000 Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

OVERSEA CHINESE BANKING Corp Ltd trimmed its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 37.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,031 shares of the Wireless communications provider’s stock after selling 22,804 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in SK Telecom were worth $800,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SKM. Robeco Institutional Asset Management B.V. increased its stake in shares of SK Telecom by 24.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock valued at $61,827,000 after buying an additional 583,519 shares during the period. Citigroup Inc. raised its holdings in SK Telecom by 0.3% during the 3rd quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after purchasing an additional 2,737 shares during the last quarter. Meritage Portfolio Management lifted its position in shares of SK Telecom by 24.5% in the 4th quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider’s stock worth $4,674,000 after purchasing an additional 43,778 shares during the period. DGS Capital Management LLC boosted its stake in shares of SK Telecom by 14.7% in the 3rd quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock valued at $5,047,000 after purchasing an additional 27,173 shares during the last quarter. Finally, State Street Corp increased its position in shares of SK Telecom by 1.4% during the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock worth $4,979,000 after buying an additional 2,883 shares during the period.

Analyst Ratings Changes

Several research firms recently issued reports on SKM. UBS Group assumed coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Three investment 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, the stock presently has an average rating of “Hold”.

SK Telecom Stock Up 0.6 %

Shares of NYSE SKM opened at $21.63 on Thursday. 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 firm has a market cap of $8.52 billion, a PE ratio of 8.83, a P/E/G ratio of 1.27 and a beta of 0.77. The company’s fifty day simple moving average is $21.65 and its 200 day simple moving average is $22.41. SK Telecom Co., Ltd. has a 12-month low of $19.88 and a 12-month high of $24.58.

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 net margin of 7.26% and a return on equity of 10.39%. As a group, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

SK Telecom Company 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.