SK Telecom Co., Ltd. (NYSE:SKM) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,622 shares of the Wireless communications provider’s stock after buying an additional 1,005 shares during the period. First Affirmative Financial Network’s holdings in SK Telecom were worth $266,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after acquiring an additional 583,519 shares during the last quarter. Citigroup Inc. raised its stake in shares of SK Telecom by 0.3% in the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after purchasing an additional 2,737 shares during the last quarter. DGS Capital Management LLC lifted its holdings in shares of SK Telecom by 14.7% during the third quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock worth $5,047,000 after purchasing an additional 27,173 shares during the period. State Street Corp lifted its holdings in shares of SK Telecom by 1.4% during the third quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock worth $4,979,000 after purchasing an additional 2,883 shares during the period. Finally, Meritage Portfolio Management boosted its position in SK Telecom by 45.6% in the third quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock valued at $4,240,000 after buying an additional 55,877 shares during the last quarter.

SK Telecom Price Performance

Shares of SKM opened at $21.53 on Friday. The business’s 50-day moving average is $21.94 and its two-hundred day moving average is $22.54. The company has a market capitalization of $8.48 billion, a P/E ratio of 9.97, a P/E/G ratio of 1.93 and a beta of 0.80. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. The company had revenue of $3.35 billion for the quarter. Research analysts predict that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

About SK Telecom

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.