Farther Finance Advisors LLC Buys 6,083 Shares of KT Corporation $KT

Farther Finance Advisors LLC boosted its stake in shares of KT Corporation (NYSE:KT) by 267.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,358 shares of the technology company’s stock after acquiring an additional 6,083 shares during the period. Farther Finance Advisors LLC’s holdings in KT were worth $174,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Place Capital Corp increased its stake in shares of KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in shares of KT by 143.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after purchasing an additional 1,396 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of KT by 1,901.0% in the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company’s stock valued at $73,000 after purchasing an additional 3,916 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of KT in the 1st quarter valued at $77,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of KT by 185.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,353 shares of the technology company’s stock valued at $77,000 after purchasing an additional 2,828 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KT shares. Wall Street Zen upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Zacks Research lowered KT from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

KT Trading Up 1.5%

Shares of KT stock opened at $19.78 on Thursday. The firm has a market capitalization of $10.20 billion, a P/E ratio of 14.65, a P/E/G ratio of 0.13 and a beta of 0.70. KT Corporation has a twelve month low of $14.77 and a twelve month high of $21.61. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $20.14 and its 200 day simple moving average is $19.54.

KT (NYSE:KT) last released its quarterly earnings results on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. KT had a return on equity of 5.06% and a net margin of 3.35%.The firm had revenue of $5.31 billion for the quarter. As a group, sell-side analysts predict that KT Corporation will post 0.73 EPS for the current fiscal year.

KT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, July 30th were given a $0.2164 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, July 30th. KT’s payout ratio is 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.