SK Telecom Co Ltd (NYSE:SKM) Shares Sold by Comerica Bank

Comerica Bank decreased its position in shares of SK Telecom Co Ltd (NYSE:SKM) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,020 shares of the Wireless communications provider’s stock after selling 541 shares during the quarter. Comerica Bank’s holdings in SK Telecom were worth $725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its position in SK Telecom by 11.6% during the first quarter. Cornerstone Advisors Inc. now owns 4,856 shares of the Wireless communications provider’s stock valued at $119,000 after purchasing an additional 503 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of SK Telecom by 3.1% in the first quarter. Eagle Asset Management Inc. now owns 17,266 shares of the Wireless communications provider’s stock worth $422,000 after purchasing an additional 513 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of SK Telecom by 24.4% in the second quarter. Lindbrook Capital LLC now owns 3,171 shares of the Wireless communications provider’s stock worth $78,000 after purchasing an additional 622 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SK Telecom by 0.5% in the second quarter. Envestnet Asset Management Inc. now owns 162,112 shares of the Wireless communications provider’s stock worth $4,012,000 after purchasing an additional 739 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC raised its stake in shares of SK Telecom by 5.4% in the first quarter. Intercontinental Wealth Advisors LLC now owns 15,510 shares of the Wireless communications provider’s stock worth $380,000 after purchasing an additional 795 shares during the last quarter. 10.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:SKM traded up $0.08 during trading on Friday, reaching $22.53. The stock had a trading volume of 9,219 shares, compared to its average volume of 340,023. SK Telecom Co Ltd has a 1-year low of $21.22 and a 1-year high of $28.56. The stock has a market cap of $14.17 billion, a PE ratio of 5.05 and a beta of 0.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.05. The business has a fifty day moving average price of $22.12 and a 200-day moving average price of $23.78.

Several research analysts have recently issued reports on the company. ValuEngine cut SK Telecom from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Macquarie began coverage on SK Telecom in a report on Tuesday, May 21st. They set an “outperform” rating on the stock. Morgan Stanley raised SK Telecom from an “equal weight” rating to an “overweight” rating in a report on Monday, August 26th. Finally, Zacks Investment Research lowered SK Telecom from a “buy” rating to a “hold” rating in a report on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy”.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

See Also: Net Margin

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

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