Vanguard Personalized Indexing Management LLC Purchases 29,221 Shares of SK Telecom Co., Ltd. $SKM

Vanguard Personalized Indexing Management LLC increased its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 36.6% during the 3rd quarter, Holdings Channel reports. The firm owned 109,134 shares of the Wireless communications provider’s stock after purchasing an additional 29,221 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in SK Telecom were worth $2,357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of SK Telecom by 16.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,193,435 shares of the Wireless communications provider’s stock worth $51,217,000 after buying an additional 303,646 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SK Telecom by 236.1% in the second quarter. JPMorgan Chase & Co. now owns 383,123 shares of the Wireless communications provider’s stock worth $8,946,000 after purchasing an additional 269,135 shares during the last quarter. Creative Planning grew its stake in SK Telecom by 600.0% in the 2nd quarter. Creative Planning now owns 167,169 shares of the Wireless communications provider’s stock valued at $3,903,000 after purchasing an additional 143,287 shares during the period. Millennium Management LLC increased its position in shares of SK Telecom by 160.7% during the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock valued at $4,823,000 after purchasing an additional 139,829 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of SK Telecom by 1,406.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 108,303 shares of the Wireless communications provider’s stock worth $2,529,000 after purchasing an additional 101,112 shares during the period.

Analyst Ratings Changes

Several equities analysts recently weighed in on SKM shares. Daiwa Capital Markets lowered shares of SK Telecom to a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. Wall Street Zen cut shares of SK Telecom from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Zacks Research upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SK Telecom presently has an average rating of “Hold”.

SK Telecom Stock Performance

NYSE SKM opened at $27.38 on Friday. The company’s 50 day moving average is $21.10 and its 200-day moving average is $21.41. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $27.83. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market cap of $10.72 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 6.05 and a beta of 0.49.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. Sell-side analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.