SK Telecom Co., Ltd. (SKM) Position Reduced by NWQ Investment Management Company LLC

NWQ Investment Management Company LLC lessened its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,879,065 shares of the Wireless communications provider’s stock after selling 26,473 shares during the quarter. NWQ Investment Management Company LLC owned about 0.30% of SK Telecom worth $46,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of SK Telecom by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,263,951 shares of the Wireless communications provider’s stock worth $31,826,000 after acquiring an additional 114,502 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SK Telecom by 226.9% in the first quarter. Dimensional Fund Advisors LP now owns 32,485 shares of the Wireless communications provider’s stock worth $818,000 after acquiring an additional 22,549 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of SK Telecom by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 145,175 shares of the Wireless communications provider’s stock worth $3,656,000 after acquiring an additional 14,924 shares in the last quarter. US Bancorp DE increased its holdings in shares of SK Telecom by 14.4% in the second quarter. US Bancorp DE now owns 12,126 shares of the Wireless communications provider’s stock worth $311,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of SK Telecom in the second quarter worth about $296,000. Institutional investors and hedge funds own 11.41% of the company’s stock.

SK Telecom Co., Ltd. (NYSE SKM) traded down $0.08 during trading hours on Thursday, hitting $27.88. The company had a trading volume of 583,100 shares, compared to its average volume of 554,793. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.95. The company has a market capitalization of $20,430.00, a P/E ratio of 9.99, a PEG ratio of 1.15 and a beta of 0.42. SK Telecom Co., Ltd. has a fifty-two week low of $20.44 and a fifty-two week high of $28.13.

Several brokerages have issued reports on SKM. Citigroup upgraded SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded SK Telecom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub downgraded SK Telecom from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. SK Telecom has a consensus rating of “Buy” and an average target price of $29.00.

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SK Telecom Company 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.

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

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