KT Co. (NYSE:KT) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in KT Co. (NYSE:KT - Free Report) by 701.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 412,235 shares of the technology company's stock after purchasing an additional 360,784 shares during the period. Northern Trust Corp owned approximately 0.08% of KT worth $6,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. R Squared Ltd purchased a new stake in shares of KT in the 4th quarter valued at approximately $36,000. Principal Securities Inc. increased its stake in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after acquiring an additional 1,544 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after acquiring an additional 2,667 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of KT by 37.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in KT during the fourth quarter valued at about $181,000. 18.86% of the stock is currently owned by institutional investors.

KT Trading Up 0.4%

Shares of KT stock opened at $19.41 on Tuesday. The business has a fifty day simple moving average of $18.30 and a two-hundred day simple moving average of $17.24. KT Co. has a 1 year low of $13.11 and a 1 year high of $20.28. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 0.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Wall Street Analyst Weigh In

KT has been the topic of several analyst reports. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, UBS Group assumed coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

KT Profile

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.

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