KT Co. (NYSE:KT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in KT Co. (NYSE:KT) by 74.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,294 shares of the technology company’s stock after purchasing an additional 45,941 shares during the period. JPMorgan Chase & Co.’s holdings in KT were worth $1,650,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PDS Planning Inc increased its holdings in shares of KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after buying an additional 1,065 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of KT by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after buying an additional 1,244 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after buying an additional 1,487 shares in the last quarter. Signaturefd LLC increased its holdings in shares of KT by 11.8% in the third quarter. Signaturefd LLC now owns 21,044 shares of the technology company’s stock valued at $324,000 after buying an additional 2,226 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of KT by 3.9% in the third quarter. Victory Capital Management Inc. now owns 88,822 shares of the technology company’s stock valued at $1,366,000 after buying an additional 3,334 shares in the last quarter. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Price Performance

Shares of NYSE:KT opened at $16.96 on Thursday. The company’s fifty day moving average is $16.29 and its two-hundred day moving average is $15.33. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT Co. has a 12-month low of $12.10 and a 12-month high of $18.45. The company has a market cap of $8.75 billion, a P/E ratio of 9.53, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95.

KT (NYSE:KT) last announced its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities analysts expect that KT Co. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

KT Profile

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.