KT Co. (NYSE:KT) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its holdings in KT Co. (NYSE:KT) by 52.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,999 shares of the technology company’s stock after buying an additional 29,165 shares during the period. Blue Trust Inc.’s holdings in KT were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PDS Planning Inc increased its position in shares of KT by 6.2% during the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock worth $282,000 after purchasing an additional 1,065 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of KT by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after purchasing an additional 1,244 shares in the last quarter. Bleakley Financial Group LLC increased its position in shares of KT by 5.6% during the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock worth $433,000 after purchasing an additional 1,487 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of KT by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock worth $722,000 after buying an additional 1,581 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of KT by 11.8% during the third quarter. Signaturefd LLC now owns 21,044 shares of the technology company’s stock worth $324,000 after buying an additional 2,226 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

KT Stock Performance

NYSE KT opened at $17.71 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 52-week low of $12.10 and a 52-week high of $18.45. The business’s 50-day moving average price is $16.52 and its 200 day moving average price is $15.49. The firm has a market cap of $9.13 billion, a P/E ratio of 9.95, a P/E/G ratio of 0.39 and a beta of 0.95.

KT (NYSE:KT) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. On average, equities research analysts expect that KT Co. will post 0.85 earnings per share for the current year.

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.