Aprio Wealth Management LLC Increases Holdings in KT Co. (NYSE:KT)

Aprio Wealth Management LLC increased its stake in shares of KT Co. (NYSE:KT) by 47.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,231 shares of the technology company’s stock after acquiring an additional 5,201 shares during the period. Aprio Wealth Management LLC’s holdings in KT were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in KT by 68.6% during the first 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. EverSource Wealth Advisors LLC grew its holdings in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the period. Crewe Advisors LLC acquired a new stake in KT in the first quarter valued at approximately $98,000. Janiczek Wealth Management LLC grew its holdings in KT by 145.1% in the first quarter. Janiczek Wealth Management LLC now owns 8,254 shares of the technology company’s stock valued at $116,000 after purchasing an additional 4,886 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in KT in the second quarter valued at approximately $140,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on KT. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd. The Goldman Sachs Group downgraded KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. Finally, New Street Research upgraded KT to a “strong-buy” rating in a research report on Monday, September 9th.

KT Stock Performance

NYSE KT opened at $14.89 on Wednesday. The company has a market cap of $7.68 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The stock’s 50 day simple moving average is $14.87 and its 200-day simple moving average is $13.86. KT Co. has a 1-year low of $11.83 and a 1-year high of $15.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01.

KT (NYSE:KT) last announced its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. The firm had revenue of $4.77 billion for the quarter. As a group, equities research analysts anticipate that KT Co. will post 1.86 EPS for the current fiscal year.

KT Company 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.