SK Telecom Co., Ltd. (SKM) Shares Bought by Strategic Global Advisors LLC

Strategic Global Advisors LLC increased its position in SK Telecom Co., Ltd. (NYSE:SKM) by 176.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,578 shares of the Wireless communications provider’s stock after buying an additional 30,368 shares during the period. Strategic Global Advisors LLC’s holdings in SK Telecom Co. were worth $1,221,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Profund Advisors LLC lifted its position in shares of SK Telecom Co. by 7.8% in the second quarter. Profund Advisors LLC now owns 16,352 shares of the Wireless communications provider’s stock worth $420,000 after buying an additional 1,185 shares in the last quarter. Matthews International Capital Management LLC raised its position in SK Telecom Co. by 5.6% during the second quarter. Matthews International Capital Management LLC now owns 159,000 shares of the Wireless communications provider’s stock valued at $4,082,000 after purchasing an additional 8,500 shares during the period. Nationwide Fund Advisors raised its position in SK Telecom Co. by 2.9% during the second quarter. Nationwide Fund Advisors now owns 50,124 shares of the Wireless communications provider’s stock valued at $1,287,000 after purchasing an additional 1,420 shares during the period. Icon Advisers Inc. Co. purchased a new stake in SK Telecom Co. during the second quarter valued at approximately $2,428,000. Finally, Capital Fund Management S.A. purchased a new stake in SK Telecom Co. during the second quarter valued at approximately $605,000. Institutional investors own 11.90% of the company’s stock.

Shares of SK Telecom Co., Ltd. (NYSE:SKM) traded up 3.73% during midday trading on Friday, reaching $24.45. The company’s stock had a trading volume of 1,382,212 shares. SK Telecom Co., Ltd. has a one year low of $20.44 and a one year high of $28.13. The stock’s 50 day moving average price is $25.77 and its 200 day moving average price is $24.92. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 8.65 and a beta of 0.36.

The firm also recently announced a None dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, June 30th were paid a $0.057 dividend. The ex-dividend date was Wednesday, June 28th. SK Telecom Co.’s dividend payout ratio (DPR) is 25.71%.

A number of equities research analysts have issued reports on SKM shares. BidaskClub upgraded SK Telecom Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded SK Telecom Co. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Credit Suisse Group downgraded SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 30th. Finally, Goldman Sachs Group, Inc. (The) upgraded SK Telecom Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.00.

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SK Telecom Co. Profile

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

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Institutional Ownership by Quarter for SK Telecom Co. (NYSE:SKM)

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