SK Telecom Co., Ltd. $SKM Stake Boosted by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 26.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 filing with the SEC.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of SK Telecom by 94.2% during the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 648 shares during the last quarter. Allworth Financial LP grew its position in shares of SK Telecom by 138.2% during the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 987 shares during the last quarter. Wexford Capital LP bought a new position in shares of SK Telecom during the third quarter worth about $39,000. Matthews International Capital Management LLC grew its position in shares of SK Telecom by 50.4% during the fourth quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock worth $51,000 after acquiring an additional 835 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in SK Telecom in the 1st quarter worth approximately $85,000.

SK Telecom Stock Performance

Shares of SKM opened at $39.03 on Tuesday. The firm has a 50-day moving average price of $32.91 and a 200 day moving average price of $26.46. The firm has a market capitalization of $14.98 billion, a PE ratio of 65.05, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. SK Telecom Co., Ltd. has a 52-week low of $19.66 and a 52-week high of $40.49.

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

Wall Street Analyst Weigh In

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

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.