SK Telecom Co., Ltd. (NYSE:SKM) Shares Acquired by First Affirmative Financial Network

First Affirmative Financial Network increased its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,622 shares of the Wireless communications provider’s stock after purchasing an additional 1,005 shares during the period. First Affirmative Financial Network’s holdings in SK Telecom were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its stake in shares of SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after purchasing an additional 583,519 shares during the period. Matthews International Capital Management LLC lifted its position in SK Telecom by 102.5% during the fourth quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 1,291 shares during the period. Mount Yale Investment Advisors LLC acquired a new stake in SK Telecom in the 4th quarter worth about $658,000. Blue Trust Inc. grew its holdings in SK Telecom by 51.2% in the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider’s stock valued at $1,385,000 after buying an additional 22,281 shares during the period. Finally, Ritholtz Wealth Management increased its stake in shares of SK Telecom by 13.9% during the 4th quarter. Ritholtz Wealth Management now owns 54,838 shares of the Wireless communications provider’s stock valued at $1,154,000 after acquiring an additional 6,674 shares during the last quarter.

SK Telecom Price Performance

SKM stock opened at $21.53 on Friday. The stock has a 50-day simple moving average of $21.94 and a 200-day simple moving average of $22.54. The firm has a market cap of $8.48 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 1.93 and a beta of 0.80. 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 1 year low of $19.88 and a 1 year high of $24.58.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. The company had revenue of $3.35 billion during the quarter. On average, equities analysts predict that SK Telecom Co., Ltd. will post 2.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

SK Telecom 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.