US Bancorp DE Has $669,000 Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

US Bancorp DE decreased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKMFree Report) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,247 shares of the Wireless communications provider’s stock after selling 2,865 shares during the period. US Bancorp DE’s holdings in SK Telecom were worth $669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Ramirez Asset Management Inc. bought a new position in shares of SK Telecom in the third quarter worth about $8,165,000. Envestnet Asset Management Inc. raised its position in SK Telecom by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 304,426 shares of the Wireless communications provider’s stock worth $6,533,000 after purchasing an additional 63,913 shares during the last quarter. LSV Asset Management lifted its holdings in SK Telecom by 15.3% during the 4th quarter. LSV Asset Management now owns 415,831 shares of the Wireless communications provider’s stock worth $8,899,000 after buying an additional 55,270 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in SK Telecom in the 3rd quarter valued at $953,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of SK Telecom in the 4th quarter valued at $821,000.

Wall Street Analyst Weigh In

SKM has been the topic of several recent research reports. Nomura Securities upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th. StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 24th. Finally, Nomura upgraded shares of SK Telecom from a “reduce” rating to a “neutral” rating in a report on Wednesday, May 8th.

Check Out Our Latest Stock Analysis on SK Telecom

SK Telecom Trading Up 0.4 %

NYSE:SKM opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. SK Telecom Co., Ltd. has a 1-year low of $18.52 and a 1-year high of $22.71. The business’s 50-day moving average price is $20.91 and its two-hundred day moving average price is $21.30.

SK Telecom (NYSE:SKMGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The Wireless communications provider reported $0.34 earnings per share for the quarter. The business had revenue of $3.43 billion for the quarter. SK Telecom had a net margin of 6.53% and a return on equity of 9.00%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.13 earnings per share for the current year.

About SK Telecom

(Free Report)

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.

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Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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