Wellington Management Group LLP Invests $1.08 Million in SK Telecom Co., Ltd. $SKM

Wellington Management Group LLP bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,585 shares of the Wireless communications provider’s stock, valued at approximately $1,080,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKM. Groupama Asset Managment grew its position in SK Telecom by 1.7% during the 4th quarter. Groupama Asset Managment now owns 25,371 shares of the Wireless communications provider’s stock worth $521,000 after purchasing an additional 418 shares during the last quarter. Vise Technologies Inc. increased its stake in SK Telecom by 1.9% in the third quarter. Vise Technologies Inc. now owns 27,553 shares of the Wireless communications provider’s stock valued at $595,000 after purchasing an additional 525 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of SK Telecom by 10.8% in the second quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock valued at $134,000 after buying an additional 560 shares during the last quarter. Matthews International Capital Management LLC raised its holdings in shares of SK Telecom by 33.5% in the first quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider’s stock valued at $97,000 after buying an additional 835 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of SK Telecom by 4.4% during the fourth quarter. LPL Financial LLC now owns 21,683 shares of the Wireless communications provider’s stock worth $445,000 after buying an additional 920 shares during the period.

SK Telecom Stock Up 2.1%

SKM stock opened at $37.84 on Friday. The stock has a market capitalization of $14.52 billion, a PE ratio of 30.27 and a beta of 0.67. The company has a fifty day moving average of $35.35 and a 200-day moving average of $34.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 1.18. SK Telecom Co., Ltd. has a one year low of $19.66 and a one year high of $47.18.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.59%. As a group, analysts expect that SK Telecom Co., Ltd. will post 2.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Zacks Research cut SK Telecom from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. raised SK Telecom from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About SK Telecom

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications, broadband internet, and media services. Its offerings include wireless voice and data plans, 5G connectivity, fixed-line broadband, internet protocol television, and related digital services for consumers and businesses.

The company also develops enterprise technology solutions in areas such as artificial intelligence, cloud computing, data centers, cybersecurity, and connected devices.