Flputnam Investment Management Co. Has $255,000 Position in SK Telecom Co., Ltd. (NYSE:SKM)

Flputnam Investment Management Co. trimmed its position in SK Telecom Co., Ltd. (NYSE:SKM) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,117 shares of the Wireless communications provider’s stock after selling 1,007 shares during the period. Flputnam Investment Management Co.’s holdings in SK Telecom were worth $255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SKM. Wealth Enhancement Advisory Services LLC bought a new stake in SK Telecom in the third quarter valued at approximately $205,000. First Trust Direct Indexing L.P. grew its holdings in shares of SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after buying an additional 1,114 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of SK Telecom by 4.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after buying an additional 98,323 shares in the last quarter. QRG Capital Management Inc. raised its stake in SK Telecom by 100.8% during the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider’s stock worth $1,141,000 after buying an additional 24,103 shares during the period. Finally, PDS Planning Inc bought a new position in SK Telecom during the third quarter worth about $200,000.

SK Telecom Stock Down 1.1 %

NYSE:SKM opened at $21.66 on Tuesday. The stock has a 50-day simple moving average of $21.60 and a 200 day simple moving average of $22.54. SK Telecom Co., Ltd. has a 52-week low of $19.88 and a 52-week high of $24.58. The company has a market cap of $8.53 billion, a PE ratio of 8.84, a PEG ratio of 1.27 and a beta of 0.80. 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 (NYSE:SKM) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. UBS Group assumed coverage on SK Telecom in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group cut shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday. Finally, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.