10,964 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC bought a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,964 shares of the Wireless communications provider’s stock, valued at approximately $231,000.

Other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. grew its position in shares of SK Telecom by 147.7% during the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 721 shares during the period. GAMMA Investing LLC increased its position in SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of SK Telecom by 8.7% in the fourth quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider’s stock worth $266,000 after buying an additional 1,005 shares during the period. Assetmark Inc. lifted its position in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 1,078 shares in the last quarter. Finally, Matthews International Capital Management LLC grew its stake in shares of SK Telecom by 102.5% during the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock valued at $54,000 after acquiring an additional 1,291 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SKM. UBS Group began coverage on shares of SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group downgraded shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

SK Telecom Trading Down 0.4 %

Shares of SKM opened at $21.41 on Friday. SK Telecom Co., Ltd. has a 1 year low of $19.88 and a 1 year high of $24.58. The company has a 50 day simple moving average of $21.62 and a two-hundred day simple moving average of $22.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The firm has a market cap of $8.43 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

SK Telecom Company 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.