Capital Wealth Planning LLC Buys 33,392 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

Capital Wealth Planning LLC grew its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 55.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 93,417 shares of the Wireless communications provider’s stock after acquiring an additional 33,392 shares during the quarter. Capital Wealth Planning LLC’s holdings in SK Telecom were worth $1,965,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC lifted its position in shares of SK Telecom by 36.9% during the 3rd quarter. Natixis Advisors LLC now owns 97,156 shares of the Wireless communications provider’s stock valued at $2,309,000 after acquiring an additional 26,206 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SK Telecom by 2,337.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider’s stock valued at $422,000 after acquiring an additional 17,020 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock valued at $55,979,000 after acquiring an additional 98,323 shares during the period. QRG Capital Management Inc. lifted its position in shares of SK Telecom by 100.8% during the 3rd quarter. QRG Capital Management Inc. now owns 48,004 shares of the Wireless communications provider’s stock valued at $1,141,000 after acquiring an additional 24,103 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of SK Telecom by 51.2% during the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock valued at $1,385,000 after acquiring an additional 22,281 shares during the period.

SK Telecom Price Performance

SK Telecom stock opened at $21.91 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom Co., Ltd. has a 52 week low of $19.88 and a 52 week high of $24.58. The stock has a market capitalization of $8.63 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. The stock has a fifty day moving average of $21.60 and a 200-day moving average of $22.55.

SK Telecom (NYSE:SKM) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st. UBS Group assumed coverage on SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating for the company.

SK Telecom Company Profile

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.