Wellington Management Group LLP Grows Stock Position in KT Co. (NYSE:KT)

Wellington Management Group LLP lifted its position in shares of KT Co. (NYSE:KT) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,015,559 shares of the technology company’s stock after purchasing an additional 4,410 shares during the period. Wellington Management Group LLP owned about 0.39% of KT worth $30,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KT. Robeco Institutional Asset Management B.V. raised its holdings in KT by 44.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares in the last quarter. Sei Investments Co. raised its stake in shares of KT by 2.3% in the 2nd quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after purchasing an additional 34,164 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of KT by 245.7% during the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock worth $15,476,000 after purchasing an additional 804,986 shares during the last quarter. FMR LLC grew its stake in KT by 10.1% in the third quarter. FMR LLC now owns 711,072 shares of the technology company’s stock worth $10,936,000 after purchasing an additional 65,415 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in KT by 31.1% in the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after purchasing an additional 96,518 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on KT shares. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

KT Price Performance

Shares of NYSE KT opened at $16.01 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The firm has a market capitalization of $8.26 billion, a PE ratio of 8.99, a P/E/G ratio of 1.20 and a beta of 0.93. KT Co. has a 1-year low of $12.10 and a 1-year high of $18.45. The business’s fifty day moving average price is $15.97 and its two-hundred day moving average price is $14.79.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.