Orion Portfolio Solutions LLC Reduces Position in SK Telecom Co., Ltd. (NYSE:SKM)

Orion Portfolio Solutions LLC reduced its position in SK Telecom Co., Ltd. (NYSE:SKM) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,554 shares of the Wireless communications provider’s stock after selling 1,420 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in SK Telecom were worth $1,674,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SKM. Robeco Institutional Asset Management B.V. raised its holdings 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 worth $61,827,000 after buying an additional 583,519 shares during the period. Raymond James Financial Inc. purchased a new stake in SK Telecom in the fourth quarter worth $1,879,000. Natixis Advisors LLC increased its stake in SK Telecom by 77.2% in the fourth quarter. Natixis Advisors LLC now owns 172,199 shares of the Wireless communications provider’s stock worth $3,623,000 after purchasing an additional 75,043 shares during the period. Boston Partners bought a new stake in shares of SK Telecom during the fourth quarter worth $1,028,000. Finally, Meritage Portfolio Management boosted its stake 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 valued at $4,674,000 after purchasing an additional 43,778 shares during the period.

SK Telecom Stock Up 0.5 %

Shares of SK Telecom stock opened at $21.30 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.27 and a beta of 0.77. The firm’s 50-day moving average is $21.65 and its two-hundred day moving average is $22.24. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year high of $24.58.

SK Telecom (NYSE:SKM) last issued 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, research analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKM shares. StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set 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, March 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, 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.