Hennion & Walsh Asset Management Inc. Sells 22,687 Shares of SK Telecom Co., Ltd. $SKM

Hennion & Walsh Asset Management Inc. cut its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 50.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,355 shares of the Wireless communications provider’s stock after selling 22,687 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in SK Telecom were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of SK Telecom by 94.2% in the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 648 shares in the last quarter. Allworth Financial LP grew its holdings in shares of SK Telecom by 138.2% during the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 987 shares in the last quarter. HM Payson & Co. raised its position in SK Telecom by 38.9% in the 3rd quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 510 shares during the last quarter. Wexford Capital LP acquired a new stake in SK Telecom in the 3rd quarter valued at approximately $39,000. Finally, Farther Finance Advisors LLC lifted its stake in SK Telecom by 72.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,883 shares of the Wireless communications provider’s stock valued at $62,000 after acquiring an additional 1,209 shares in the last quarter.

SK Telecom Stock Performance

NYSE SKM opened at $29.50 on Friday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 4.14 and a beta of 0.46. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average price is $29.61 and its two-hundred day moving average price is $23.89. SK Telecom Co., Ltd. has a 1 year low of $19.66 and a 1 year high of $33.71.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $10.67 earnings per share for the quarter, topping the consensus estimate of $0.10 by $10.57. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.02 billion. SK Telecom had a net margin of 2.28% and a return on equity of 3.21%. As a group, research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Wall Street Analysts Forecast Growth

SKM has been the subject of several research reports. Bank of America cut shares of SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded shares of SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 12th. Citigroup downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Zacks Research cut shares of SK Telecom from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

SK Telecom Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.