279,170 Shares in KT Co. (NYSE:KT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in KT Co. (NYSE:KT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 279,170 shares of the technology company's stock, valued at approximately $4,333,000. Raymond James Financial Inc. owned about 0.05% of KT as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KT. MML Investors Services LLC purchased a new stake in KT during the third quarter worth about $160,000. World Investment Advisors LLC purchased a new stake in shares of KT during the 3rd quarter worth approximately $451,000. DGS Capital Management LLC increased its stake in shares of KT by 2.4% during the 3rd quarter. DGS Capital Management LLC now owns 150,880 shares of the technology company's stock worth $2,321,000 after purchasing an additional 3,516 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of KT by 74.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company's stock worth $1,650,000 after purchasing an additional 45,941 shares during the period. Finally, GAMMA Investing LLC lifted its stake in KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

KT Stock Performance

Shares of NYSE:KT traded up $0.39 during trading on Friday, hitting $19.75. 235,684 shares of the company were exchanged, compared to its average volume of 1,124,230. KT Co. has a 52-week low of $12.58 and a 52-week high of $19.84. The stock has a 50 day moving average of $17.85 and a 200 day moving average of $16.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market cap of $10.18 billion, a PE ratio of 11.10, a P/E/G ratio of 0.37 and a beta of 0.83.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KT. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. StockNews.com cut KT from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, UBS Group began coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating for the company.

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.