LPL Financial LLC Buys 31,096 Shares of KT Co. (NYSE:KT)

LPL Financial LLC boosted its position in KT Co. (NYSE:KT) by 62.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,289 shares of the technology company’s stock after acquiring an additional 31,096 shares during the quarter. LPL Financial LLC’s holdings in KT were worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KT. R Squared Ltd bought a new position in shares of KT during the 4th quarter valued at about $36,000. Principal Securities Inc. boosted its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after buying an additional 1,544 shares in the last quarter. GAMMA Investing LLC grew its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of KT by 37.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock worth $124,000 after acquiring an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group started coverage on shares of KT in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th.

KT Stock Up 1.9 %

Shares of KT stock opened at $18.01 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a 52-week low of $12.16 and a 52-week high of $18.74. The company’s 50 day moving average price is $17.56 and its 200-day moving average price is $16.66. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.37 and a beta of 0.83.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.