Robeco Institutional Asset Management B.V. Grows Position in SK Telecom Co., Ltd. (NYSE:SKM)

Robeco Institutional Asset Management B.V. lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,018,570 shares of the Wireless communications provider's stock after purchasing an additional 80,042 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.77% of SK Telecom worth $64,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its position in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 721 shares during the period. Parallel Advisors LLC lifted its holdings in shares of SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider's stock valued at $53,000 after purchasing an additional 884 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of SK Telecom by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider's stock valued at $122,000 after buying an additional 764 shares during the last quarter. Global Retirement Partners LLC increased its holdings in SK Telecom by 130.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock worth $158,000 after buying an additional 4,265 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in SK Telecom by 180.1% in the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider's stock worth $174,000 after buying an additional 5,311 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SKM shares. The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Citigroup downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Wall Street Zen lowered shares of SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. downgraded shares of SK Telecom from an "overweight" rating to a "neutral" rating in a research report on Monday, May 12th. Finally, New Street Research raised shares of SK Telecom to a "hold" rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, SK Telecom has an average rating of "Hold".

SK Telecom Trading Up 1.0%

Shares of SKM stock opened at $23.11 on Friday. 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 stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 2.40 and a beta of 0.61. SK Telecom Co., Ltd. has a 12-month low of $19.84 and a 12-month high of $24.58. The stock's 50-day moving average price is $21.47 and its 200-day moving average price is $21.54.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. SK Telecom had a net margin of 7.31% and a return on equity of 10.98%. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. Equities research analysts predict 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.

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