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

Flputnam Investment Management Co. cut its position in SK Telecom Co., Ltd. (NYSE:SKM) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SKM. Robeco Institutional Asset Management B.V. grew its position in SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after acquiring an additional 583,519 shares during the last quarter. Citigroup Inc. boosted its stake in SK Telecom by 0.3% in the third 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 in the last quarter. Meritage Portfolio Management grew its holdings in shares of SK Telecom by 24.5% during the fourth 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 last quarter. DGS Capital Management LLC increased its stake in shares of SK Telecom by 14.7% in the third quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock valued at $5,047,000 after buying an additional 27,173 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of SK Telecom by 1.4% in the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock valued at $4,979,000 after buying an additional 2,883 shares during the last quarter.

SK Telecom Stock Performance

SK Telecom stock opened at $21.66 on Tuesday. 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 current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year high of $24.58. The company’s 50-day moving average is $21.60 and its two-hundred day moving average is $22.54.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data 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%. Equities analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

SKM has been the subject of a number of research analyst reports. StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st. UBS Group began coverage on shares of SK Telecom in a research report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.