Todd Asset Management LLC Increases Stock Holdings in SK Telecom Co., Ltd. $SKM

Todd Asset Management LLC increased its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 15.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,528 shares of the Wireless communications provider’s stock after acquiring an additional 24,728 shares during the quarter. Todd Asset Management LLC’s holdings in SK Telecom were worth $4,072,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in shares of SK Telecom by 41.3% in the third quarter. PNC Financial Services Group Inc. now owns 36,616 shares of the Wireless communications provider’s stock valued at $791,000 after purchasing an additional 10,696 shares during the period. Caprock Group LLC purchased a new position in SK Telecom in the 3rd quarter valued at about $1,804,000. Rhumbline Advisers increased its stake in SK Telecom by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 68,552 shares of the Wireless communications provider’s stock worth $1,481,000 after buying an additional 500 shares in the last quarter. Ceera Investments LLC raised its holdings in shares of SK Telecom by 61.4% during the third quarter. Ceera Investments LLC now owns 58,900 shares of the Wireless communications provider’s stock valued at $1,272,000 after acquiring an additional 22,400 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of SK Telecom by 13.7% in the third quarter. Savant Capital LLC now owns 10,785 shares of the Wireless communications provider’s stock worth $233,000 after acquiring an additional 1,298 shares during the last quarter.

SK Telecom Trading Up 5.8%

Shares of SKM opened at $32.57 on Tuesday. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $33.45. The firm has a market capitalization of $12.50 billion, a P/E ratio of 47.89, a P/E/G ratio of 4.48 and a beta of 0.50. The firm has a 50-day moving average price of $23.37 and a 200 day moving average price of $22.02. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. SK Telecom had a net margin of 2.28% and a return on equity of 3.29%. The firm had revenue of $2.83 billion during the quarter. Sell-side analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SKM. Weiss Ratings restated a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Daiwa Securities Group downgraded shares of SK Telecom to a “hold” rating in a research note on Wednesday, January 14th. Zacks Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.