SK Telecom Co., Ltd. $SKM Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in SK Telecom Co., Ltd. (NYSE:SKM) by 33.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,443 shares of the Wireless communications provider’s stock after purchasing an additional 29,581 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SK Telecom were worth $3,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Groupama Asset Managment grew its position in SK Telecom by 1.7% in 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. raised its holdings in shares of SK Telecom by 1.9% during the third quarter. Vise Technologies Inc. now owns 27,553 shares of the Wireless communications provider’s stock valued at $595,000 after buying an additional 525 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of SK Telecom by 10.8% during the second quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock worth $134,000 after buying an additional 560 shares during the period. PDS Planning Inc grew its holdings in SK Telecom by 5.6% in the 4th quarter. PDS Planning Inc now owns 14,397 shares of the Wireless communications provider’s stock worth $296,000 after buying an additional 767 shares in the last quarter. Finally, Matthews International Capital Management LLC grew its holdings in SK Telecom by 50.4% in the 4th quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock worth $51,000 after buying an additional 835 shares in the last quarter.

SK Telecom Stock Down 5.3%

SKM opened at $31.48 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $12.08 billion, a PE ratio of 52.47, a P/E/G ratio of 0.20 and a beta of 0.63. The stock’s fifty day moving average is $36.61 and its 200-day moving average is $31.62. 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 announced its earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.10. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.98 billion. SK Telecom had a return on equity of 2.78% and a net margin of 2.03%. On average, equities analysts predict that SK Telecom Co., Ltd. will post 2.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKM has been the topic of several recent analyst reports. Zacks Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. HSBC raised SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of SK Telecom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, SK Telecom 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.