Dimensional Fund Advisors LP Has $4.06 Million Stake in SK Telecom Co Ltd (NYSE:SKM)

August 9th, 20189:44 am @

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Dimensional Fund Advisors LP boosted its position in SK Telecom Co Ltd (NYSE:SKM) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities Exchange Commission. The institutional investor owned 168,087 shares of the Wireless communications provider’s stock after purchasing an additional 6,319 shares during the period. Dimensional Fund Advisors LP’s holdings in SK Telecom were worth $4,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Aperio Group LLC boosted its position in shares of SK Telecom by 19.3% during the 1st quarter. Aperio Group LLC now owns 1,115,083 shares of the Wireless communications provider’s stock valued at $26,952,000 after purchasing an additional 180,639 shares in the last quarter. Pekin Singer Strauss Asset Management IL boosted its position in shares of SK Telecom by 24.5% during the 1st quarter. Pekin Singer Strauss Asset Management IL now owns 787,346 shares of the Wireless communications provider’s stock valued at $19,030,000 after purchasing an additional 155,136 shares in the last quarter. BlackRock Inc. boosted its position in shares of SK Telecom by 7.5% during the 4th quarter. BlackRock Inc. now owns 2,160,092 shares of the Wireless communications provider’s stock valued at $60,289,000 after purchasing an additional 150,003 shares in the last quarter. Athos Capital Ltd boosted its position in shares of SK Telecom by 196.8% during the 1st quarter. Athos Capital Ltd now owns 147,832 shares of the Wireless communications provider’s stock valued at $3,573,000 after purchasing an additional 98,023 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of SK Telecom by 52.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 231,185 shares of the Wireless communications provider’s stock valued at $6,452,000 after purchasing an additional 79,925 shares in the last quarter. 10.94% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered SK Telecom from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.00.

Shares of SK Telecom opened at $25.39 on Thursday, Marketbeat.com reports. SK Telecom Co Ltd has a one year low of $22.66 and a one year high of $28.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $16.28 billion, a P/E ratio of 5.15 and a beta of 0.44.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Thursday, June 14th. The Wireless communications provider reported $1.02 earnings per share (EPS) for the quarter. The business had revenue of $3.89 billion for the quarter. SK Telecom had a return on equity of 20.25% and a net margin of 16.71%.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice transmission and data transmission services; cellular global roaming services; interconnection services to connect its networks to fixed-line and other wireless networks; Internet of Things solutions; and platform services, as well as sells wireless devices, including smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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Article source: https://www.fairfieldcurrent.com/2018/08/09/dimensional-fund-advisors-lp-acquires-6319-shares-of-sk-telecom-co-ltd-skm.html