Dimensional Fund Advisors LP Buys 1,244 Shares of KT Co. (NYSE:KT)

Dimensional Fund Advisors LP increased its position in KT Co. (NYSE:KT) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,353 shares of the technology company’s stock after buying an additional 1,244 shares during the quarter. Dimensional Fund Advisors LP’s holdings in KT were worth $5,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KT. PNC Financial Services Group Inc. boosted its holdings in KT by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock worth $418,000 after acquiring an additional 886 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in KT by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 33,494 shares of the technology company’s stock valued at $470,000 after purchasing an additional 968 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,264 shares during the period. Legacy Capital Group California Inc. grew its holdings in KT by 7.0% during the 2nd quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock valued at $294,000 after buying an additional 1,403 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in KT by 68.6% during the 1st quarter. GAMMA Investing LLC now owns 3,516 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,430 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.

KT Stock Performance

Shares of KT stock opened at $14.86 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $13.87. The firm has a market capitalization of $7.66 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.73 and a beta of 0.90. KT Co. has a 12 month low of $11.83 and a 12 month high of $15.90.

KT (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The business had revenue of $4.77 billion for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. On average, equities analysts forecast that KT Co. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KT has been the subject of a number of research analyst reports. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd. New Street Research upgraded shares of KT to a “strong-buy” rating in a report on Monday, September 9th. Finally, The Goldman Sachs Group lowered KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th.

KT 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.