Mitsubishi UFJ Trust & Banking Corp Increases Stake in SK Telecom Co., Ltd. (NYSE:SKM)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,322 shares of the Wireless communications provider’s stock after buying an additional 21,744 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of SK Telecom worth $4,152,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SKM. Principal Securities Inc. boosted its position in shares of SK Telecom by 147.7% during the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 721 shares in the last quarter. Matthews International Capital Management LLC grew its position in shares of SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 1,291 shares during the period. GAMMA Investing LLC increased its stake in shares of SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 773 shares in the last quarter. Global Retirement Partners LLC lifted its position in SK Telecom by 130.8% during the 4th quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $158,000 after acquiring an additional 4,265 shares during the period. Finally, Assetmark Inc. boosted its stake in SK Telecom by 180.1% during the fourth quarter. Assetmark Inc. now owns 8,260 shares of the Wireless communications provider’s stock worth $174,000 after acquiring an additional 5,311 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

SK Telecom Price Performance

Shares of NYSE SKM opened at $21.24 on Tuesday. The firm has a market cap of $8.36 billion, a P/E ratio of 8.67, a PEG ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $21.65 and a 200 day moving average of $22.27.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

SK Telecom Company 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.