SK Telecom Co., Ltd. (NYSE:SKM) Stock Position Lifted by Northern Trust Corp

Northern Trust Corp lifted its holdings in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 270.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,497 shares of the Wireless communications provider's stock after acquiring an additional 60,935 shares during the period. Northern Trust Corp's holdings in SK Telecom were worth $1,757,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of SK Telecom by 2,337.9% in 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 period. Blue Trust Inc. lifted its position in SK Telecom by 51.2% in the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider's stock valued at $1,385,000 after purchasing an additional 22,281 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in SK Telecom in the 4th quarter valued at about $658,000. Matthews International Capital Management LLC lifted its position in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider's stock valued at $54,000 after purchasing an additional 1,291 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock valued at $61,827,000 after purchasing an additional 583,519 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SKM. Citigroup lowered shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of SK Telecom from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. New Street Research upgraded shares of SK Telecom to a "hold" rating in a report on Monday, May 19th. JPMorgan Chase & Co. downgraded shares of SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. Finally, UBS Group initiated coverage on shares of SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, SK Telecom presently has a consensus rating of "Hold".

SK Telecom Trading Down 1.3%

Shares of SK Telecom stock traded down $0.27 during trading on Friday, hitting $20.53. The stock had a trading volume of 360,566 shares, compared to its average volume of 289,889. The stock has a 50 day simple moving average of $21.30 and a 200 day simple moving average of $21.67. The company has a market capitalization of $8.09 billion, a PE ratio of 8.38, a P/E/G ratio of 1.27 and a beta of 0.63. 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 Co., Ltd. has a 1 year low of $19.84 and a 1 year high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $3.12 billion. On average, research analysts expect 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.