KT Corporation $KT is Lingohr Asset Management GmbH's 2nd Largest Position

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 lowered its position in shares of KT Corporation (NYSE:KT - Free Report) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,128 shares of the technology company's stock after selling 40,886 shares during the period. KT comprises approximately 4.0% of Lingohr Asset Management GmbH's holdings, 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 quarter.

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

Wall Street Analyst Weigh In

KT has been the subject of a number of analyst reports. Wall Street Zen upgraded KT from a "buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. Zacks Research upgraded KT from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

KT Stock Down 2.6%

KT stock traded down $0.52 during midday trading on Friday, reaching $19.47. The company's stock had a trading volume of 620,109 shares, compared to its average volume of 1,387,747. The stock's 50-day simple moving average is $20.43 and its 200-day simple moving average is $19.44. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.15. KT Corporation has a 52-week low of $14.77 and a 52-week high of $21.61. The stock has a market capitalization of $10.04 billion, a P/E ratio of 14.42, a PEG ratio of 0.14 and a beta of 0.72.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. The company 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 expect that KT Corporation will post 0.73 EPS for the current year.

KT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, July 30th were issued a $0.2164 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.4%. KT's dividend payout ratio (DPR) is currently 52.59%.

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.