KT Corporation $KT Shares Purchased by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its holdings in KT Corporation by 16.5% during Q1, acquiring 25,736 additional shares, bringing its total to 181,962 shares valued at approximately $3.2 million.
• KT Corporation received multiple upgrades from analysts, including a "strong-buy" rating from Wall Street Zen and Zacks Research, indicating strong investor confidence in the stock.
• The company recently declared a quarterly dividend of $0.2164, reflecting a 4.3% yield, with an annualized payout of $0.87 and a dividend payout ratio of 77.17%.

Vident Advisory LLC lifted its stake in KT Corporation (NYSE:KT - Free Report) by 16.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 181,962 shares of the technology company's stock after purchasing an additional 25,736 shares during the quarter. Vident Advisory LLC's holdings in KT were worth $3,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp raised its position in shares of KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Farther Finance Advisors LLC raised 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 valued at $40,000 after purchasing an additional 1,447 shares during the last quarter. Bruce G. Allen Investments LLC raised 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 valued at $42,000 after purchasing an additional 1,396 shares during the last quarter. Brooklyn Investment Group raised 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 valued at $73,000 after purchasing an additional 3,916 shares during the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of KT in the 1st quarter valued at approximately $77,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KT has been the subject of several research analyst reports. Zacks Research raised shares of KT from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 27th. Wall Street Zen raised shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

KT Stock Performance

Shares of NYSE KT traded up $0.15 during midday trading on Thursday, reaching $20.13. 978,577 shares of the stock were exchanged, compared to its average volume of 1,381,863. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 0.14 and a beta of 0.72. KT Corporation has a twelve month low of $14.77 and a twelve month high of $21.61. The firm has a 50-day simple moving average of $20.62 and a two-hundred day simple moving average of $19.24. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $0.75 EPS for the quarter. The business had revenue of $4.71 billion for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. As a group, analysts anticipate that KT Corporation will post 0.73 EPS for the current fiscal year.

KT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, July 30th were paid a dividend of $0.2164 per share. 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 4.3%. KT's dividend payout ratio (DPR) is presently 77.17%.

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.