SK Telecom Co., Ltd. (NYSE:SKM) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 93.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,345 shares of the Wireless communications provider's stock after purchasing an additional 40,640 shares during the quarter. Envestnet Asset Management Inc.'s holdings in SK Telecom were worth $1,775,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in shares of SK Telecom by 1.4% in the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider's stock worth $4,979,000 after acquiring an additional 2,883 shares in the last quarter. DGS Capital Management LLC raised its position in shares of SK Telecom by 14.7% in the 3rd quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider's stock valued at $5,047,000 after purchasing an additional 27,173 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SK Telecom by 2,337.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock valued at $422,000 after buying an additional 17,020 shares during the last quarter. GAMMA Investing LLC grew its position in shares of SK Telecom by 34.4% during the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider's stock worth $64,000 after buying an additional 773 shares in the last quarter. Finally, Aprio Wealth Management LLC grew its position in shares of SK Telecom by 42.4% during the fourth quarter. Aprio Wealth Management LLC now owns 13,856 shares of the Wireless communications provider's stock worth $292,000 after buying an additional 4,128 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research note on Monday, March 3rd. Finally, StockNews.com upgraded SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, SK Telecom has an average rating of "Moderate Buy".

SK Telecom Stock Performance

SKM stock traded up $0.22 during trading on Friday, hitting $21.50. 463,526 shares of the company's stock traded hands, compared to its average volume of 275,536. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 8.78, a price-to-earnings-growth ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a 52 week low of $20.28 and a 52 week high of $24.58. The stock has a fifty day moving average price of $21.66 and a two-hundred day moving average price of $21.96. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. As a group, equities analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

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.