SK Telecom Co Ltd (SKM) Position Raised by Reilly Financial Advisors LLC

Reilly Financial Advisors LLC lifted its holdings in shares of SK Telecom Co Ltd (NYSE:SKM) by 2.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 247,039 shares of the Wireless communications provider’s stock after acquiring an additional 5,495 shares during the quarter. Reilly Financial Advisors LLC’s holdings in SK Telecom were worth $6,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its position in SK Telecom by 25.4% in the second quarter. Sterling Capital Management LLC now owns 11,882 shares of the Wireless communications provider’s stock worth $277,000 after purchasing an additional 2,409 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in SK Telecom by 86.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,141 shares of the Wireless communications provider’s stock worth $189,000 after purchasing an additional 3,786 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in SK Telecom by 43.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,764 shares of the Wireless communications provider’s stock worth $344,000 after purchasing an additional 4,438 shares during the last quarter. Atria Investments LLC boosted its position in SK Telecom by 18.2% in the second quarter. Atria Investments LLC now owns 30,263 shares of the Wireless communications provider’s stock worth $706,000 after purchasing an additional 4,656 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in SK Telecom in the first quarter worth about $131,000. 10.60% of the stock is currently owned by institutional investors.

NYSE:SKM traded up $0.50 on Friday, hitting $27.43. The stock had a trading volume of 36,796 shares, compared to its average volume of 411,789. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 7.36 and a beta of 0.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.31 and a current ratio of 1.36. SK Telecom Co Ltd has a 52-week low of $22.66 and a 52-week high of $28.97.

SK Telecom (NYSE:SKM) last announced its earnings results on Friday, September 14th. The Wireless communications provider reported $1.33 earnings per share (EPS) for the quarter. The business had revenue of $3.86 billion for the quarter. SK Telecom had a return on equity of 20.22% and a net margin of 18.28%. As a group, equities analysts forecast that SK Telecom Co Ltd will post 4.25 earnings per share for the current fiscal year.

Separately, ValuEngine cut SK Telecom from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.00.

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

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