TD Private Client Wealth LLC Acquires 1,514 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

TD Private Client Wealth LLC lifted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 14.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,126 shares of the Wireless communications provider’s stock after acquiring an additional 1,514 shares during the period. TD Private Client Wealth LLC’s holdings in SK Telecom were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors LLC raised its position in SK Telecom by 36.9% in the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock worth $2,309,000 after buying an additional 26,206 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of SK Telecom by 2.3% during the third quarter. Pathstone Holdings LLC now owns 62,990 shares of the Wireless communications provider’s stock valued at $1,497,000 after purchasing an additional 1,412 shares during the last quarter. Advisors Asset Management Inc. bought a new position in SK Telecom during the third quarter valued at approximately $237,000. Citigroup Inc. boosted its holdings 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 during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in SK Telecom in the 3rd quarter worth approximately $611,000.

Analyst Ratings Changes

SKM has been the topic of several research analyst reports. StockNews.com cut SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. UBS Group began coverage on SK Telecom in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

SK Telecom Trading Down 1.0 %

NYSE:SKM opened at $21.17 on Tuesday. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58. The business has a fifty day moving average price of $21.65 and a 200-day moving average price of $22.36. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

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.