TD Private Client Wealth LLC Increases Position in KT Co. (NYSE:KT)

TD Private Client Wealth LLC raised its position in shares of KT Co. (NYSE:KT) by 37.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,996 shares of the technology company’s stock after buying an additional 2,181 shares during the period. TD Private Client Wealth LLC’s holdings in KT were worth $124,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of KT by 29.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares in the last quarter. North of South Capital LLP increased its holdings in KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after buying an additional 4,049,439 shares during the last quarter. Ninety One UK Ltd acquired a new stake in KT in the fourth quarter valued at $59,145,000. Boston Partners lifted its holdings in KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock worth $19,380,000 after buying an additional 852,539 shares during the last quarter. Finally, Ninety One North America Inc. acquired a new position in shares of KT during the 4th quarter worth about $12,749,000. 18.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KT. UBS Group initiated coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating for the company. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. Finally, StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

KT Price Performance

Shares of NYSE KT opened at $17.75 on Wednesday. The stock has a market cap of $9.15 billion, a P/E ratio of 9.97, a P/E/G ratio of 0.37 and a beta of 0.95. KT Co. has a twelve month low of $12.10 and a twelve month high of $18.74. The stock has a 50 day moving average of $17.44 and a two-hundred day moving average of $16.41. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.