US Bancorp DE Sells 52,730 Shares of KT Co. (NYSE:KT)

US Bancorp DE reduced its stake in KT Co. (NYSE:KT – Get Rating) by 10.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 466,009 shares of the technology company’s stock after selling 52,730 shares during the period. US Bancorp DE owned approximately 0.10% of KT worth $5,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of KT. Larson Financial Group LLC bought a new stake in shares of KT in the 2nd quarter worth about $25,000. Private Trust Co. NA bought a new position in KT during the 2nd quarter valued at about $30,000. Quantbot Technologies LP bought a new position in KT during the 2nd quarter valued at about $80,000. Assetmark Inc. grew its holdings in KT by 57.3% during the 2nd quarter. Assetmark Inc. now owns 10,006 shares of the technology company’s stock valued at $140,000 after purchasing an additional 3,646 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in KT during the 2nd quarter valued at about $145,000. 21.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Friday, November 25th.

KT Price Performance

KT stock opened at $13.87 on Friday. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 1.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.17. KT Co. has a 1 year low of $11.56 and a 1 year high of $15.30. The firm has a 50-day moving average of $13.84 and a two-hundred day moving average of $13.57.

KT (NYSE:KT – Get Rating) last released its quarterly earnings data on Monday, November 14th. The technology company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $4.84 billion during the quarter. KT had a net margin of 5.57% and a return on equity of 8.41%. On average, research analysts forecast that KT Co. will post 1.88 earnings per share for the current year.

KT Company Profile

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KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.