Capital International Investors Purchases New Position in KT Co. (NYSE:KT)

Capital International Investors bought a new position in KT Co. (NYSE:KT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,752,125 shares of the technology company's stock, valued at approximately $135,833,000. Capital International Investors owned about 1.70% of KT as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. MML Investors Services LLC bought a new stake in KT during the third quarter valued at about $160,000. Sanctuary Advisors LLC boosted its stake in KT by 18.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company's stock valued at $823,000 after purchasing an additional 7,858 shares during the period. World Investment Advisors LLC acquired a new stake in KT in the 3rd quarter valued at approximately $451,000. DGS Capital Management LLC increased its position in KT by 2.4% in the 3rd quarter. DGS Capital Management LLC now owns 150,880 shares of the technology company's stock worth $2,321,000 after buying an additional 3,516 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after buying an additional 45,941 shares during the last quarter. Institutional investors own 18.86% of the company's stock.

KT Price Performance

Shares of KT stock traded down $0.07 during trading hours on Friday, hitting $18.64. The company had a trading volume of 434,273 shares, compared to its average volume of 1,109,267. KT Co. has a 12 month low of $12.39 and a 12 month high of $18.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm's fifty day moving average is $17.68 and its 200 day moving average is $16.76. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.37 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KT. UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.