Greenleaf Trust raised its position in SK Telecom Co., Ltd. (NYSE:SKM) by 85.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,731 shares of the Wireless communications provider’s stock after buying an additional 7,723 shares during the period. Greenleaf Trust’s holdings in SK Telecom Co. were worth $429,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Cypress Capital Management LLC WY bought a new stake in SK Telecom Co. during the second quarter worth about $145,000. Mirador Capital Partners LP bought a new stake in SK Telecom Co. during the first quarter worth about $203,000. Paloma Partners Management Co bought a new stake in SK Telecom Co. during the first quarter worth about $203,000. Quantitative Systematic Strategies LLC bought a new stake in SK Telecom Co. during the first quarter worth about $223,000. Finally, Ronald Blue & Co. LLC bought a new stake in SK Telecom Co. during the first quarter worth about $238,000. Institutional investors own 11.87% of the company’s stock.
SK Telecom Co., Ltd. (NYSE SKM) traded up 1.58% during mid-day trading on Monday, hitting $27.68. The company had a trading volume of 438,090 shares. The stock’s 50 day moving average price is $25.71 and its 200 day moving average price is $24.09. The firm has a market cap of $17.85 billion, a P/E ratio of 9.96 and a beta of 0.35. SK Telecom Co., Ltd. has a 52-week low of $20.44 and a 52-week high of $27.89.
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Several equities research analysts have recently weighed in on SKM shares. BidaskClub raised SK Telecom Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) raised SK Telecom Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st. Zacks Investment Research downgraded SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Credit Suisse Group downgraded SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 30th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of SK Telecom Co. in a research note on Monday, April 24th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. SK Telecom Co. has an average rating of “Buy” and a consensus target price of $32.00.
SK Telecom Co. Company Profile
SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.
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