SK Telecom Co., Ltd. $SKM Stock Position Raised by Todd Asset Management LLC

Todd Asset Management LLC lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,868 shares of the Wireless communications provider’s stock after purchasing an additional 34,340 shares during the period. Todd Asset Management LLC’s holdings in SK Telecom were worth $4,575,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SKM. Global Retirement Partners LLC increased its stake in SK Telecom by 8,317.6% in the 4th quarter. Global Retirement Partners LLC now owns 7,660 shares of the Wireless communications provider’s stock worth $157,000 after purchasing an additional 7,569 shares in the last quarter. ABN Amro Investment Solutions lifted its position in shares of SK Telecom by 217.6% in the 4th quarter. ABN Amro Investment Solutions now owns 240,043 shares of the Wireless communications provider’s stock valued at $4,928,000 after acquiring an additional 164,472 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in SK Telecom by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 50,906 shares of the Wireless communications provider’s stock worth $1,045,000 after purchasing an additional 14,290 shares during the period. Ethic Inc. lifted its holdings in shares of SK Telecom by 57.3% in the fourth quarter. Ethic Inc. now owns 90,560 shares of the Wireless communications provider’s stock valued at $1,859,000 after purchasing an additional 32,989 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of SK Telecom by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 24,182 shares of the Wireless communications provider’s stock worth $496,000 after buying an additional 857 shares during the period.

SK Telecom Stock Performance

Shares of NYSE SKM opened at $37.75 on Tuesday. The business’s 50-day simple moving average is $34.63 and its 200-day simple moving average is $27.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.03. SK Telecom Co., Ltd. has a 52 week low of $19.66 and a 52 week high of $40.49. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 62.91, a P/E/G ratio of 0.23 and a beta of 0.61.

SK Telecom (NYSE:SKM) last announced its earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. SK Telecom had a return on equity of 2.84% and a net margin of 2.03%.The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, equities research analysts expect that SK Telecom Co., Ltd. will post 2.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America lowered SK Telecom from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded shares of SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 12th. Citigroup cut SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. HSBC raised SK Telecom from a “reduce” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.