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

US Bancorp DE trimmed its position in shares of KT Co. (NYSE:KT – Get Rating) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 466,009 shares of the technology company’s stock after selling 52,730 shares during the period. US Bancorp DE owned about 0.10% of KT worth $5,695,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KT. UBS Group AG boosted its position in KT by 16.8% in the 2nd quarter. UBS Group AG now owns 278,675 shares of the technology company’s stock valued at $3,891,000 after buying an additional 40,126 shares during the period. Virtus ETF Advisers LLC boosted its position in KT by 7.5% in the 2nd quarter. Virtus ETF Advisers LLC now owns 127,039 shares of the technology company’s stock valued at $1,773,000 after buying an additional 8,869 shares during the period. Assetmark Inc. boosted its position in KT by 57.3% in the 2nd quarter. Assetmark Inc. now owns 10,006 shares of the technology company’s stock valued at $140,000 after buying an additional 3,646 shares during the period. Claro Advisors LLC purchased a new stake in KT in the 2nd quarter valued at about $169,000. Finally, Sawtooth Solutions LLC purchased a new stake in KT in the 3rd quarter valued at about $168,000. 21.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

KT Price Performance

Shares of KT opened at $13.87 on Friday. The company has a 50 day moving average price of $13.84 and a 200-day moving average price of $13.57. KT Co. has a fifty-two week low of $11.56 and a fifty-two week high of $15.30. The stock has a market capitalization of $6.54 billion, a PE ratio of 5.78, a PEG ratio of 1.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.23.

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

About KT

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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.