KT Corporation $KT Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its stake in KT Corporation (NYSE:KT) by 8.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,768 shares of the technology company’s stock after acquiring an additional 798 shares during the period. TD Private Client Wealth LLC’s holdings in KT were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of KT by 28.8% during the second quarter. GAMMA Investing LLC now owns 10,069 shares of the technology company’s stock valued at $209,000 after buying an additional 2,249 shares during the last quarter. Farther Finance Advisors LLC grew its position in KT by 267.4% in the second quarter. Farther Finance Advisors LLC now owns 8,358 shares of the technology company’s stock worth $174,000 after buying an additional 6,083 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in KT by 21.9% in the second quarter. Bruce G. Allen Investments LLC now owns 2,890 shares of the technology company’s stock worth $60,000 after buying an additional 519 shares during the last quarter. Rhumbline Advisers grew its position in KT by 3.0% in the first quarter. Rhumbline Advisers now owns 93,547 shares of the technology company’s stock worth $1,657,000 after buying an additional 2,731 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in KT by 57.4% during the 1st quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock worth $35,190,000 after purchasing an additional 725,164 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on KT shares. Zacks Research upgraded shares of KT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

KT Stock Down 0.2%

KT stock opened at $19.31 on Monday. The firm has a fifty day moving average price of $20.22 and a two-hundred day moving average price of $19.53. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.19 and a quick ratio of 1.15. KT Corporation has a fifty-two week low of $14.77 and a fifty-two week high of $21.61.

KT (NYSE:KT) last announced its quarterly earnings data on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. The business had revenue of $5.31 billion during the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. As a group, analysts forecast that KT Corporation will post 0.73 earnings per share for the current year.

KT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Wednesday, July 30th were given a dividend of $0.2164 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.5%. KT’s dividend payout ratio is currently 52.59%.

About KT

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.