Invesco Ltd. Raises Position in SK Telecom Co., Ltd. (NYSE:SKM)

Invesco Ltd. grew its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 82.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,944 shares of the Wireless communications provider's stock after buying an additional 38,456 shares during the quarter. Invesco Ltd.'s holdings in SK Telecom were worth $1,787,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SKM. Rhumbline Advisers lifted its stake in SK Telecom by 30.8% during the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider's stock worth $1,834,000 after purchasing an additional 20,506 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SK Telecom by 2,337.9% during the third 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. US Bancorp DE lifted its position in SK Telecom by 27.8% in the fourth quarter. US Bancorp DE now owns 93,295 shares of the Wireless communications provider's stock valued at $1,963,000 after purchasing an additional 20,285 shares during the last quarter. Blue Trust Inc. raised its holdings 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 worth $1,385,000 after purchasing an additional 22,281 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of 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 purchasing an additional 4,265 shares during the period.

SK Telecom Stock Performance

Shares of NYSE:SKM traded up $0.14 during midday trading on Monday, reaching $21.63. 18,014 shares of the company's stock traded hands, compared to its average volume of 322,307. The stock has a 50 day moving average of $21.66 and a 200 day moving average of $21.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 1.27 and a beta of 0.71. SK Telecom Co., Ltd. has a one year low of $20.28 and a one year high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. As a group, equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Analyst Ratings Changes

SKM has been the subject of a number of research reports. UBS Group assumed coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. StockNews.com raised SK Telecom from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 18th. Finally, The Goldman Sachs Group lowered SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SK Telecom presently has an average rating of "Moderate Buy".

About SK Telecom

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.