Parametric Portfolio Associates LLC lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,305,705 shares of the Wireless communications provider’s stock after purchasing an additional 82,239 shares during the quarter. Parametric Portfolio Associates LLC owned 0.20% of SK Telecom Co. worth $33,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetherby Asset Management Inc. grew its stake in shares of SK Telecom Co. by 0.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 27,590 shares of the Wireless communications provider’s stock worth $709,000 after purchasing an additional 197 shares during the period. Manning & Napier Advisors LLC grew its stake in shares of SK Telecom Co. by 0.5% during the 2nd quarter. Manning & Napier Advisors LLC now owns 88,748 shares of the Wireless communications provider’s stock worth $2,278,000 after purchasing an additional 438 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of SK Telecom Co. by 0.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 106,386 shares of the Wireless communications provider’s stock worth $2,731,000 after purchasing an additional 672 shares during the period. Boston Common Asset Management LLC grew its stake in SK Telecom Co. by 5.6% in the 1st quarter. Boston Common Asset Management LLC now owns 15,760 shares of the Wireless communications provider’s stock valued at $397,000 after acquiring an additional 840 shares during the period. Finally, US Bancorp DE grew its stake in SK Telecom Co. by 9.2% in the 1st quarter. US Bancorp DE now owns 10,604 shares of the Wireless communications provider’s stock valued at $267,000 after acquiring an additional 891 shares during the period. 11.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of SK Telecom Co., Ltd. (NYSE SKM) opened at 24.59 on Friday. The firm has a market cap of $15.64 billion, a PE ratio of 8.82 and a beta of 0.36. The company has a 50-day moving average of $25.59 and a 200-day moving average of $24.98. SK Telecom Co., Ltd. has a 1-year low of $20.44 and a 1-year high of $28.13.

The firm also recently disclosed a None dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, June 30th were issued a dividend of $0.057 per share. The ex-dividend date of this dividend was Wednesday, June 28th. SK Telecom Co.’s dividend payout ratio is presently 25.71%.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of SK Telecom Co. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $32.00.

WARNING: “Parametric Portfolio Associates LLC Has $33.52 Million Stake in SK Telecom Co., Ltd. (SKM)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/30/parametric-portfolio-associates-llc-has-33-52-million-stake-in-sk-telecom-co-ltd-skm.html.

SK Telecom Co. 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.

Institutional Ownership by Quarter for SK Telecom Co. (NYSE:SKM)

Receive News & Stock Ratings for SK Telecom Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom Co. Ltd. and related stocks with our FREE daily email newsletter.