SK Telecom Co., Ltd. (NYSE:SKM) Shares Purchased by State Street Corp

State Street Corp grew its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 1.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,485 shares of the Wireless communications provider’s stock after buying an additional 2,883 shares during the period. State Street Corp’s holdings in SK Telecom were worth $4,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its stake in SK Telecom by 0.8% in the second quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock valued at $1,886,000 after acquiring an additional 729 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of SK Telecom by 106.2% in the 2nd quarter. Ritholtz Wealth Management now owns 32,286 shares of the Wireless communications provider’s stock valued at $676,000 after acquiring an additional 16,630 shares during the period. Natixis Advisors LLC boosted its stake in SK Telecom by 28.4% during the 2nd quarter. Natixis Advisors LLC now owns 70,950 shares of the Wireless communications provider’s stock worth $1,485,000 after purchasing an additional 15,704 shares during the period. Acadian Asset Management LLC grew its position in SK Telecom by 8.2% during the 2nd quarter. Acadian Asset Management LLC now owns 304,541 shares of the Wireless communications provider’s stock worth $6,373,000 after purchasing an additional 23,033 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in shares of SK Telecom during the second quarter worth about $396,000.

SK Telecom Stock Up 0.0 %

SKM stock opened at $21.49 on Monday. The stock has a market capitalization of $9.49 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The company has a fifty day moving average of $22.56 and a 200-day moving average of $22.49. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 0.91. SK Telecom Co., Ltd. has a one year low of $19.88 and a one year high of $24.58.

Analysts Set New Price Targets

Separately, StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th.

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.