SK Telecom Co., Ltd. (NYSE:SKM) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC reduced its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,644 shares of the Wireless communications provider’s stock after selling 6,644 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in SK Telecom were worth $485,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC increased its holdings in shares of SK Telecom by 3,900.0% in the 4th quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 1,131 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of SK Telecom in the fourth quarter valued at $29,000. NBC Securities Inc. acquired a new position in SK Telecom in the 3rd quarter worth approximately $87,000. Great Lakes Advisors LLC purchased a new stake in shares of SK Telecom in the third quarter worth approximately $242,000. Finally, River Road Asset Management LLC increased its position in SK Telecom by 6.0% in the 3rd quarter. River Road Asset Management LLC now owns 11,487 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 647 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. StockNews.com raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Friday. Nomura Securities upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Finally, Nomura raised SK Telecom from a “reduce” rating to a “neutral” rating in a report on Wednesday, May 8th.

SK Telecom Stock Down 0.5 %

Shares of NYSE SKM opened at $21.21 on Friday. SK Telecom Co., Ltd. has a 1-year low of $18.52 and a 1-year high of $22.71. The company has a fifty day moving average price of $21.08 and a 200 day moving average price of $21.33. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.61.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Monday, April 29th. The Wireless communications provider reported $0.34 EPS for the quarter. SK Telecom had a net margin of 6.22% and a return on equity of 8.62%. The firm had revenue of $3.43 billion for the quarter. As a group, equities analysts expect that SK Telecom Co., Ltd. will post 2.13 EPS for the current year.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.