Wealth Enhancement Advisory Services LLC Has $265,000 Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Wealth Enhancement Advisory Services LLC grew its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,587 shares of the Wireless communications provider’s stock after purchasing an additional 3,980 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SK Telecom were worth $265,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Securities Inc. grew its stake in shares of SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 721 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of SK Telecom by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider’s stock valued at $122,000 after buying an additional 764 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of SK Telecom by 130.8% in 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 in the last quarter. Assetmark Inc. grew its stake in shares of SK Telecom by 180.1% in 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 in the last quarter. Finally, Gitterman Wealth Management LLC bought a new stake in shares of SK Telecom in the 4th quarter valued at approximately $231,000.

SK Telecom Stock Performance

Shares of NYSE SKM opened at $21.93 on Monday. The business has a fifty day simple moving average of $21.34 and a 200 day simple moving average of $21.56. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.27 and a beta of 0.60. SK Telecom Co., Ltd. has a one year low of $19.84 and a one year high of $24.58.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.12 billion. Sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SKM shares. Citigroup cut SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. UBS Group assumed coverage on SK Telecom in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered SK Telecom from an “overweight” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, Wall Street Zen lowered SK Telecom from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

SK Telecom 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.