Mount Yale Investment Advisors LLC Makes New Investment in SK Telecom Co., Ltd. (NYSE:SKM)

Mount Yale Investment Advisors LLC acquired a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,257 shares of the Wireless communications provider’s stock, valued at approximately $658,000.

A number of other large investors have also made changes to their positions in SKM. GAMMA Investing LLC lifted its holdings in SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after purchasing an additional 488 shares in the last quarter. Assetmark Inc. raised its position in shares of SK Telecom by 57.6% in the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after buying an additional 1,078 shares during the last quarter. Ariadne Wealth Management LP purchased a new position in shares of SK Telecom during the second quarter valued at approximately $127,000. PDS Planning Inc acquired a new stake in SK Telecom during the third quarter worth approximately $200,000. Finally, D Orazio & Associates Inc. purchased a new stake in SK Telecom in the 3rd quarter worth approximately $200,000.

SK Telecom Stock Down 0.8 %

SKM opened at $21.66 on Wednesday. The stock has a market capitalization of $8.53 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88. The business has a 50-day moving average of $21.98 and a two-hundred day moving average of $22.55.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 EPS for the quarter. The firm had revenue of $3.35 billion during the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. On average, research analysts expect that SK Telecom Co., Ltd. will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

About SK Telecom

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.