PDS Planning Inc Has $293,000 Stake in SK Telecom Co., Ltd. $SKM

PDS Planning Inc increased its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,550 shares of the Wireless communications provider’s stock after buying an additional 1,276 shares during the period. PDS Planning Inc’s holdings in SK Telecom were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SKM. Wealth Enhancement Advisory Services LLC increased its holdings in SK Telecom by 46.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,587 shares of the Wireless communications provider’s stock worth $265,000 after buying an additional 3,980 shares during the last quarter. GAMMA Investing LLC increased its holdings in SK Telecom by 1,961.9% during the first quarter. GAMMA Investing LLC now owns 62,249 shares of the Wireless communications provider’s stock worth $1,323,000 after buying an additional 59,230 shares during the last quarter. Rhumbline Advisers increased its holdings in SK Telecom by 8.6% during the first quarter. Rhumbline Advisers now owns 94,631 shares of the Wireless communications provider’s stock worth $2,012,000 after buying an additional 7,485 shares during the last quarter. Elevation Point Wealth Partners LLC increased its holdings in shares of SK Telecom by 13.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 35,308 shares of the Wireless communications provider’s stock valued at $751,000 after purchasing an additional 4,051 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of SK Telecom by 13.9% in the first quarter. Blue Trust Inc. now owns 36,996 shares of the Wireless communications provider’s stock valued at $787,000 after purchasing an additional 4,524 shares during the last quarter.

SK Telecom Price Performance

NYSE:SKM opened at $21.18 on Monday. SK Telecom Co., Ltd. has a 52 week low of $19.84 and a 52 week high of $24.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.03. The firm’s 50-day simple moving average is $21.93 and its 200 day simple moving average is $21.83. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 10.77 and a beta of 0.58.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.20). SK Telecom had a return on equity of 8.92% and a net margin of 5.92%.The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.14 billion. As a group, sell-side analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

SKM has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of SK Telecom in a report on Wednesday, October 8th. The Goldman Sachs Group downgraded shares of SK Telecom from a “neutral” rating to a “sell” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, SK Telecom presently has a consensus rating of “Hold”.

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.