PDS Planning Inc Purchases Shares of 11,274 SK Telecom Co., Ltd. (NYSE:SKM)

PDS Planning Inc purchased a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,274 shares of the Wireless communications provider's stock, valued at approximately $240,000.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of SK Telecom by 30.8% during the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider's stock valued at $1,834,000 after buying an additional 20,506 shares during the last quarter. Jane Street Group LLC bought a new position in SK Telecom during the 4th quarter valued at $309,000. GAMMA Investing LLC boosted its holdings in SK Telecom by 1,961.9% during the 1st quarter. GAMMA Investing LLC now owns 62,249 shares of the Wireless communications provider's stock worth $1,323,000 after acquiring an additional 59,230 shares during the last quarter. US Bancorp DE grew its stake in shares of SK Telecom by 27.8% in the 4th quarter. US Bancorp DE now owns 93,295 shares of the Wireless communications provider's stock worth $1,963,000 after acquiring an additional 20,285 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of SK Telecom by 2.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,018,570 shares of the Wireless communications provider's stock valued at $64,175,000 after purchasing an additional 80,042 shares in the last quarter.

SK Telecom Stock Performance

Shares of NYSE:SKM traded up $0.04 during mid-day trading on Wednesday, reaching $23.72. The company had a trading volume of 341,311 shares, compared to its average volume of 315,034. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55. The company's 50-day moving average price is $21.49 and its 200-day moving average price is $21.57. SK Telecom Co., Ltd. has a one year low of $19.84 and a one year high of $24.58. The firm has a market cap of $9.34 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 2.45 and a beta of 0.64.

SK Telecom (NYSE:SKM - Get Free Report) last posted 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. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. SK Telecom had a net margin of 7.31% and a return on equity of 10.98%. As a group, equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SKM has been the subject of a number of recent analyst reports. Citigroup downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered SK Telecom from an "overweight" rating to a "neutral" rating in a report on Monday, May 12th. New Street Research upgraded SK Telecom to a "hold" rating in a report on Monday, May 19th. Finally, Wall Street Zen downgraded SK Telecom from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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.