Blue Trust Inc. Sells 11,070 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Blue Trust Inc. decreased its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 25.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,472 shares of the Wireless communications provider’s stock after selling 11,070 shares during the period. Blue Trust Inc.’s holdings in SK Telecom were worth $683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC raised its stake in 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 purchasing an additional 773 shares in the last quarter. First Affirmative Financial Network raised its stake in SK Telecom by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider’s stock worth $266,000 after purchasing an additional 1,005 shares in the last quarter. Assetmark Inc. raised its stake in SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after purchasing an additional 1,078 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock worth $392,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Matthews International Capital Management LLC raised its stake in 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 purchasing an additional 1,291 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $21.86 on Monday. The firm has a 50 day moving average of $21.50 and a 200-day moving average of $22.53. The stock has a market capitalization of $8.61 billion, a PE ratio of 10.12, a PEG ratio of 1.92 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58.

SK Telecom (NYSE:SKM) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. On average, equities research analysts predict that SK Telecom Co., Ltd. will post 2.05 EPS for the current fiscal year.

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.