JPMorgan Chase & Co. Purchases 3,383 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

JPMorgan Chase & Co. raised its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 19.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,131 shares of the Wireless communications provider’s stock after acquiring an additional 3,383 shares during the period. JPMorgan Chase & Co.’s holdings in SK Telecom were worth $445,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Securities Inc. grew its position in SK Telecom by 147.7% during the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 721 shares during the last quarter. Matthews International Capital Management LLC grew its holdings in shares of SK Telecom by 102.5% in the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after purchasing an additional 1,291 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares during the period. Global Retirement Partners LLC raised its holdings in SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $158,000 after buying an additional 4,265 shares during the last quarter. Finally, Assetmark Inc. boosted its position in SK Telecom by 180.1% during the 4th quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider’s stock valued at $174,000 after buying an additional 5,311 shares during the period.

SK Telecom Price Performance

Shares of NYSE SKM opened at $21.30 on Friday. SK Telecom Co., Ltd. has a 1 year low of $20.28 and a 1 year high of $24.58. The stock has a market capitalization of $8.39 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.27 and a beta of 0.71. The company’s 50-day moving average is $21.69 and its 200 day moving average is $21.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88.

SK Telecom (NYSE:SKM) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on SKM shares. UBS Group started coverage on shares of SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating for the company. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Friday, April 18th. Finally, The Goldman Sachs Group cut SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, SK Telecom currently has an average rating of “Moderate Buy”.

SK Telecom Company Profile

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.