Lingohr Asset Management GmbH Has $2.19 Million Stock Holdings in KT Corporation $KT

Key Points

• Lingohr Asset Management GmbH reduced its holdings in KT Corporation by 28.0%, now owning 105,128 shares valued at approximately $2.19 million.
• KT Corporation reported a quarterly EPS of $1.01 and had revenue of $5.31 billion during the last reported quarter.
• The company recently announced a quarterly dividend of $0.2164 per share, representing an annualized dividend yield of 4.4%.

Lingohr Asset Management GmbH reduced its position in shares of KT Corporation (NYSE:KT - Free Report) by 28.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,128 shares of the technology company's stock after selling 40,886 shares during the quarter. KT comprises 4.0% of Lingohr Asset Management GmbH's portfolio, making the stock its 2nd largest holding. Lingohr Asset Management GmbH's holdings in KT were worth $2,185,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KT. Park Place Capital Corp boosted its stake in shares of KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after acquiring an additional 819 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock worth $40,000 after acquiring an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in shares of KT by 143.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock worth $42,000 after acquiring an additional 1,396 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of KT by 1,901.0% during the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company's stock worth $73,000 after acquiring an additional 3,916 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of KT during the 1st quarter worth $77,000. 18.86% of the stock is owned by institutional investors.

KT Stock Performance

Shares of KT stock opened at $19.71 on Monday. The stock has a market cap of $10.16 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.14 and a beta of 0.72. The business has a fifty day simple moving average of $20.50 and a 200-day simple moving average of $19.39. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. KT Corporation has a 12 month low of $14.77 and a 12 month high of $21.61.

KT (NYSE:KT - Get Free Report) last issued its earnings results on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. The business had revenue of $5.31 billion during the quarter. KT had a return on equity of 5.06% and a net margin of 3.35%. On average, sell-side analysts anticipate that KT Corporation will post 0.73 EPS for the current fiscal year.

KT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, July 30th were given a $0.2164 dividend. This represents a $0.87 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, July 30th. KT's dividend payout ratio (DPR) is 51.85%.

Analyst Ratings Changes

Several research firms have recently weighed in on KT. Zacks Research raised KT from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. Wall Street Zen raised KT from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".

KT Company 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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