SK Telecom Co., Ltd. (SKM) Shares Sold by Commonwealth Bank of Australia

Commonwealth Bank of Australia trimmed its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,934 shares of the Wireless communications provider’s stock after selling 6,100 shares during the quarter. Commonwealth Bank of Australia’s holdings in SK Telecom Co. were worth $4,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in SK Telecom Co. by 8.3% during the second quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after buying an additional 271,434 shares during the last quarter. Todd Asset Management LLC bought a new stake in SK Telecom Co. during the second quarter worth about $3,086,000. Oppenheimer Asset Management Inc. grew its stake in SK Telecom Co. by 13.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 67,139 shares of the Wireless communications provider’s stock worth $1,723,000 after buying an additional 7,835 shares during the last quarter. Renaissance Group LLC grew its stake in SK Telecom Co. by 3.4% during the second quarter. Renaissance Group LLC now owns 617,845 shares of the Wireless communications provider’s stock worth $15,860,000 after buying an additional 20,079 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new stake in SK Telecom Co. during the second quarter worth about $510,000. 11.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SK Telecom Co., Ltd. (SKM) opened at 24.26 on Friday. The stock’s 50 day moving average is $26.24 and its 200 day moving average is $24.86. SK Telecom Co., Ltd. has a 1-year low of $20.44 and a 1-year high of $28.13. The company has a market capitalization of $15.64 billion, a PE ratio of 8.76 and a beta of 0.36.

The company also recently announced a None dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, June 30th were given a $0.057 dividend. The ex-dividend date was Wednesday, June 28th. SK Telecom Co.’s payout ratio is presently 25.71%.

ILLEGAL ACTIVITY WARNING: “SK Telecom Co., Ltd. (SKM) Shares Sold by Commonwealth Bank of Australia” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://sportsperspectives.com/2017/09/10/sk-telecom-co-ltd-skm-shares-sold-by-commonwealth-bank-of-australia.html.

Several analysts have weighed in on SKM shares. Credit Suisse Group cut shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 30th. Zacks Investment Research raised shares of SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) raised shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub cut shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.00.

SK Telecom Co. Company 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.

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

Receive News & Ratings for SK Telecom Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply