Crossmark Global Holdings Inc. Invests $605,000 in SK Telecom Co., Ltd. (SKM) Stock

Crossmark Global Holdings Inc. acquired a new position in SK Telecom Co., Ltd. (NYSE:SKM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,598 shares of the Wireless communications provider’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in SK Telecom Co. by 8.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after acquiring an additional 271,434 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in SK Telecom Co. by 18.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 171,903 shares of the Wireless communications provider’s stock worth $4,413,000 after acquiring an additional 26,728 shares during the last quarter. FMR LLC increased its holdings in SK Telecom Co. by 3.7% in the 2nd quarter. FMR LLC now owns 1,764,724 shares of the Wireless communications provider’s stock worth $45,300,000 after acquiring an additional 63,700 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in SK Telecom Co. by 87.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 332,588 shares of the Wireless communications provider’s stock worth $8,538,000 after acquiring an additional 155,076 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in SK Telecom Co. by 0.5% in the 2nd quarter. Manning & Napier Advisors LLC now owns 88,748 shares of the Wireless communications provider’s stock worth $2,278,000 after acquiring an additional 438 shares during the last quarter. 11.80% of the stock is owned by institutional investors.

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SK Telecom Co., Ltd. (NYSE SKM) opened at $26.03 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $16,193.69, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.41. SK Telecom Co., Ltd. has a twelve month low of $20.44 and a twelve month high of $28.13.

A number of research analysts have weighed in on SKM shares. The Goldman Sachs Group, Inc. raised SK Telecom Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 21st. Zacks Investment Research raised SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Tuesday, August 1st. Finally, BidaskClub raised SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. SK Telecom Co. has an average rating of “Hold” and an average price target of $29.00.

About SK Telecom Co.

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)

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