KT Corporation $KT Stock Holdings Raised by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in KT Corporation by 29.6% during the 1st quarter, making their total share ownership 105,345 shares valued at approximately $1.87 million.
• Other institutional investors, including Robeco Institutional Asset Management B.V. and Ninety One UK Ltd, also raised their stakes in KT, contributing to 18.86% of the stock being owned by such investors.
• KT Corporation currently holds a consensus rating of "Buy" among analysts, following a slight downgrade from a "strong-buy" rating by Wall Street Zen.

LPL Financial LLC increased its holdings in KT Corporation (NYSE:KT - Free Report) by 29.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,345 shares of the technology company's stock after buying an additional 24,056 shares during the period. LPL Financial LLC's holdings in KT were worth $1,866,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KT. Robeco Institutional Asset Management B.V. raised its holdings in shares of KT by 18.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company's stock valued at $98,250,000 after acquiring an additional 875,840 shares during the period. Ninety One UK Ltd grew its position in KT by 28.3% during the first quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock valued at $86,615,000 after purchasing an additional 1,079,860 shares in the last quarter. Lazard Asset Management LLC grew its position in KT by 1.7% in the fourth quarter. Lazard Asset Management LLC now owns 3,117,223 shares of the technology company's stock worth $48,378,000 after acquiring an additional 53,200 shares in the last quarter. Bank of America Corp DE grew its position in KT by 28.8% in the fourth quarter. Bank of America Corp DE now owns 1,033,028 shares of the technology company's stock worth $16,033,000 after acquiring an additional 230,873 shares in the last quarter. Finally, Ninety One North America Inc. boosted its holdings in shares of KT by 25.1% during the 1st quarter. Ninety One North America Inc. now owns 1,027,760 shares of the technology company's stock worth $18,202,000 after buying an additional 206,288 shares during the period. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of KT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".

KT Price Performance

NYSE KT opened at $20.9240 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. KT Corporation has a 12-month low of $14.53 and a 12-month high of $21.61. The company has a market capitalization of $10.79 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 0.15 and a beta of 0.69. The firm's 50 day moving average is $20.54 and its 200-day moving average is $19.01.

KT (NYSE:KT - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. The business had revenue of $4.71 billion during the quarter. Equities research analysts anticipate that KT Corporation will post 0.73 earnings per share for the current fiscal year.

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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