CHICAGO TRUST Co NA Has $277,000 Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

CHICAGO TRUST Co NA lifted its position in SK Telecom Co., Ltd. (NYSE:SKM) by 24.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,033 shares of the Wireless communications provider’s stock after buying an additional 2,559 shares during the period. CHICAGO TRUST Co NA’s holdings in SK Telecom were worth $277,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Principal Securities Inc. lifted its holdings in SK Telecom by 147.7% during the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 721 shares in the last quarter. Parallel Advisors LLC raised its position in shares of SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider’s stock worth $53,000 after purchasing an additional 884 shares during the period. Quadrant Capital Group LLC raised its position in shares of SK Telecom by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider’s stock worth $122,000 after purchasing an additional 764 shares during the period. Global Retirement Partners LLC grew its position in shares of SK Telecom by 130.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $158,000 after purchasing an additional 4,265 shares during the period. Finally, Assetmark Inc. grew its position in shares of SK Telecom by 180.1% in the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider’s stock valued at $174,000 after purchasing an additional 5,311 shares during the period.

SK Telecom Trading Up 1.5%

NYSE SKM opened at $21.61 on Tuesday. SK Telecom Co., Ltd. has a 52 week low of $19.84 and a 52 week high of $24.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The stock’s 50 day moving average price is $21.28 and its two-hundred day moving average price is $21.61. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 1.27 and a beta of 0.60.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. The company had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. As a group, analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKM. JPMorgan Chase & Co. downgraded shares of SK Telecom from an “overweight” rating to a “neutral” rating in a report on Monday, May 12th. Citigroup downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. UBS Group assumed coverage on shares of SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating on the stock. Wall Street Zen lowered shares of SK Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.