Boston Common Asset Management LLC boosted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,485 shares of the Wireless communications provider’s stock after purchasing an additional 725 shares during the quarter. Boston Common Asset Management LLC’s holdings in SK Telecom Co. were worth $423,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its holdings in SK Telecom Co. by 68.6% during the 2nd quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock valued at $116,000 after buying an additional 1,845 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of SK Telecom Co. during the second quarter valued at approximately $139,000. Cypress Capital Management LLC WY bought a new stake in shares of SK Telecom Co. during the second quarter valued at approximately $145,000. Picton Mahoney Asset Management bought a new stake in shares of SK Telecom Co. during the second quarter valued at approximately $194,000. Finally, Paloma Partners Management Co bought a new stake in shares of SK Telecom Co. during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 11.90% of the company’s stock.

Shares of SK Telecom Co., Ltd. (NYSE:SKM) traded up 0.53% on Tuesday, hitting $24.86. The stock had a trading volume of 106,479 shares. SK Telecom Co., Ltd. has a 12 month low of $20.44 and a 12 month high of $28.13. The firm has a market cap of $15.81 billion, a P/E ratio of 8.92 and a beta of 0.35. The firm’s 50-day moving average price is $24.89 and its 200 day moving average price is $25.02.

The business also recently declared a None dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, June 30th were paid a $0.057 dividend. The ex-dividend date was Wednesday, June 28th. SK Telecom Co.’s dividend payout ratio is currently 25.71%.

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Several research firms have recently commented on SKM. BidaskClub raised shares of SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st. Finally, Zacks Investment Research cut shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.00.

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)

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