SK Telecom Co., Ltd. (SKM) Shares Bought by Macquarie Group Ltd.
Macquarie Group Ltd. lifted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,758,015 shares of the Wireless communications provider’s stock after acquiring an additional 493,515 shares during the quarter. Macquarie Group Ltd. owned 1.20% of SK Telecom Co. worth $199,159,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SKM. Bessemer Group Inc. raised its holdings in shares of SK Telecom Co. by 68.6% during the second quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 1,845 shares during the last quarter. Rational Advisors LLC purchased a new stake in SK Telecom Co. in the second quarter worth approximately $139,000. Cypress Capital Management LLC WY purchased a new stake in SK Telecom Co. in the second quarter worth approximately $145,000. Picton Mahoney Asset Management purchased a new stake in SK Telecom Co. in the second quarter worth approximately $194,000. Finally, Paloma Partners Management Co purchased a new stake in SK Telecom Co. in the first quarter worth approximately $203,000. 11.90% of the stock is owned by hedge funds and other institutional investors.
SK Telecom Co., Ltd. (NYSE SKM) traded down 0.262% on Wednesday, hitting $24.765. 84,679 shares of the company were exchanged. The company has a market capitalization of $15.75 billion, a P/E ratio of 8.885 and a beta of 0.35. The firm’s 50 day moving average is $24.85 and its 200 day moving average is $25.02. SK Telecom Co., Ltd. has a 52 week low of $20.44 and a 52 week high of $28.13.
The company also recently announced 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 of this dividend was Wednesday, June 28th. SK Telecom Co.’s dividend payout ratio is currently 25.71%.
A number of equities research analysts have commented on the stock. BidaskClub raised shares of SK Telecom Co. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded SK Telecom Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. SK Telecom Co. has a consensus rating of “Hold” and a consensus price target 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.
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