Sequoia Financial Advisors LLC Increases Stake in SK Telecom Co., Ltd. $SKM

Sequoia Financial Advisors LLC lifted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 26.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,862 shares of the Wireless communications provider’s stock after acquiring an additional 18,463 shares during the period. Sequoia Financial Advisors LLC’s holdings in SK Telecom were worth $1,804,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SKM. Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom by 17.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,462,769 shares of the Wireless communications provider’s stock worth $50,561,000 after acquiring an additional 374,428 shares during the period. UBS Group AG lifted its holdings in shares of SK Telecom by 215.4% during the 4th quarter. UBS Group AG now owns 426,729 shares of the Wireless communications provider’s stock worth $8,761,000 after acquiring an additional 291,418 shares during the period. Citadel Advisors LLC purchased a new position in shares of SK Telecom during the 3rd quarter worth about $4,319,000. Creative Planning raised its position in shares of SK Telecom by 108.0% in the 3rd quarter. Creative Planning now owns 347,750 shares of the Wireless communications provider’s stock worth $7,511,000 after buying an additional 180,581 shares during the period. Finally, Boston Common Asset Management LLC raised its position in shares of SK Telecom by 83.1% in the 4th quarter. Boston Common Asset Management LLC now owns 362,424 shares of the Wireless communications provider’s stock worth $7,441,000 after buying an additional 164,472 shares during the period.

Analyst Ratings Changes

Several brokerages recently weighed in on SKM. Zacks Research lowered SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Citigroup lowered shares of SK Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Daiwa Securities Group lowered shares of SK Telecom to a “hold” rating in a report on Wednesday, January 14th. HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Weiss Ratings raised SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

SK Telecom Stock Up 3.1%

SKM stock opened at $39.03 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.00. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $40.49. The firm has a fifty day moving average price of $32.91 and a two-hundred day moving average price of $26.46. The firm has a market cap of $14.98 billion, a price-to-earnings ratio of 65.05, a PEG ratio of 0.24 and a beta of 0.61.

SK Telecom (NYSE:SKM) last released its earnings results on Thursday, May 7th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.10. SK Telecom had a net margin of 2.03% and a return on equity of 2.84%. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.98 billion. Research analysts predict that SK Telecom Co., Ltd. will post 2.71 EPS for the current year.

About SK Telecom

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.