11,106 Shares in SK Telecom Co., Ltd. (NYSE:SKM) Acquired by Evoke Wealth LLC

Evoke Wealth LLC purchased a new stake in SK Telecom Co., Ltd. (NYSE:SKM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,106 shares of the Wireless communications provider’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its holdings in SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after purchasing an additional 583,519 shares during the period. Citigroup Inc. increased its stake in shares of SK Telecom by 0.3% during the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after buying an additional 2,737 shares during the period. Meritage Portfolio Management raised its holdings in SK Telecom by 24.5% in the fourth quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider’s stock valued at $4,674,000 after acquiring an additional 43,778 shares in the last quarter. DGS Capital Management LLC lifted its stake in SK Telecom by 14.7% in the third quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock worth $5,047,000 after acquiring an additional 27,173 shares during the last quarter. Finally, State Street Corp grew its holdings in SK Telecom by 1.4% during the 3rd quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock worth $4,979,000 after acquiring an additional 2,883 shares in the last quarter.

SK Telecom Stock Up 0.6 %

SK Telecom stock opened at $21.63 on Thursday. The company has a market capitalization of $8.52 billion, a P/E ratio of 8.83, a PEG ratio of 1.27 and a beta of 0.77. SK Telecom Co., Ltd. has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock has a 50-day simple moving average of $21.65 and a 200-day simple moving average of $22.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. Equities research analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SKM. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Finally, UBS Group initiated coverage on shares of SK Telecom in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

SK Telecom Profile

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.