Vanguard Personalized Indexing Management LLC Has $1.07 Million Stock Holdings in SK Telecom Co., Ltd. (NYSE:SKM)

Vanguard Personalized Indexing Management LLC grew its position in SK Telecom Co., Ltd. (NYSE:SKM) by 40.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 51,122 shares of the Wireless communications provider’s stock after buying an additional 14,701 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in SK Telecom were worth $1,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates raised its holdings in SK Telecom by 0.8% during the 2nd quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock worth $1,886,000 after purchasing an additional 729 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in SK Telecom by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock valued at $5,615,000 after buying an additional 930 shares during the period. QRG Capital Management Inc. boosted its stake in SK Telecom by 5.1% in the first quarter. QRG Capital Management Inc. now owns 20,343 shares of the Wireless communications provider’s stock valued at $439,000 after acquiring an additional 985 shares during the last quarter. Assetmark Inc. acquired a new stake in SK Telecom during the 4th quarter worth $25,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of SK Telecom by 1,558.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 1,231 shares during the last quarter.

SK Telecom Stock Performance

Shares of NYSE:SKM opened at $24.13 on Tuesday. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 19.00, a P/E/G ratio of 2.26 and a beta of 0.77. The firm’s 50 day simple moving average is $22.84 and its 200 day simple moving average is $21.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. SK Telecom Co., Ltd. has a fifty-two week low of $19.42 and a fifty-two week high of $24.51.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. The company had revenue of $3.22 billion for the quarter. As a group, sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.29 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

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.