LPL Financial LLC Purchases 24,056 Shares of KT Corporation $KT

LPL Financial LLC lifted its position in shares of KT Corporation (NYSE:KT) by 29.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 105,345 shares of the technology company’s stock after buying an additional 24,056 shares during the quarter. LPL Financial LLC’s holdings in KT were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KT. Park Place Capital Corp lifted its holdings in shares of KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after purchasing an additional 819 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,447 shares during the period. Bruce G. Allen Investments LLC boosted its position in shares of KT by 143.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after acquiring an additional 1,396 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of KT during the 1st quarter valued at about $77,000. Finally, Advisors Preferred LLC purchased a new position in KT in the 1st quarter worth approximately $128,000. 18.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut KT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, KT has a consensus rating of “Buy”.

KT Stock Performance

NYSE:KT opened at $20.9240 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. KT Corporation has a 12-month low of $14.53 and a 12-month high of $21.61. The stock has a 50-day moving average price of $20.54 and a 200 day moving average price of $19.01. The stock has a market capitalization of $10.79 billion, a P/E ratio of 22.74, a P/E/G ratio of 0.15 and a beta of 0.69.

KT (NYSE:KT) last released its quarterly earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share for the quarter. The business had revenue of $4.71 billion during the quarter. KT had a return on equity of 3.47% and a net margin of 2.37%. Equities research analysts forecast that KT Corporation will post 0.73 EPS for the current fiscal year.

About KT

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.