Blue Trust Inc. Decreases Stake in KT Co. (NYSE:KT)

Blue Trust Inc. lowered its position in KT Co. (NYSE:KT) by 74.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,348 shares of the technology company’s stock after selling 41,486 shares during the quarter. Blue Trust Inc.’s holdings in KT were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KT. R Squared Ltd acquired a new stake in KT during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after purchasing an additional 4,464 shares in the last quarter. GAMMA Investing LLC raised its holdings in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after purchasing an additional 2,902 shares in the last quarter. MML Investors Services LLC acquired a new stake in KT during the third quarter worth approximately $160,000. Finally, Private Advisor Group LLC acquired a new stake in KT during the third quarter worth approximately $164,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Stock Performance

Shares of KT stock opened at $17.30 on Thursday. The firm’s fifty day simple moving average is $16.55 and its 200-day simple moving average is $15.84. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.36 and a beta of 0.95. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

KT (NYSE:KT) last announced its earnings results on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. As a group, equities analysts forecast that KT Co. will post 0.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group assumed coverage on shares of KT in a report on Wednesday. They issued a “buy” rating on the stock. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a report on Thursday.

KT Company 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.