DGS Capital Management LLC Sells 17,185 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

DGS Capital Management LLC decreased its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 195,139 shares of the Wireless communications provider’s stock after selling 17,185 shares during the period. SK Telecom makes up 1.0% of DGS Capital Management LLC’s holdings, making the stock its 14th biggest position. DGS Capital Management LLC’s holdings in SK Telecom were worth $4,106,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in SK Telecom by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock worth $75,000 after purchasing an additional 652 shares during the period. Assetmark Inc. grew its stake in SK Telecom by 57.6% during the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares in the last quarter. First Trust Direct Indexing L.P. increased its holdings in SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock valued at $392,000 after buying an additional 1,114 shares during the period. Finally, First Affirmative Financial Network raised its position in shares of SK Telecom by 11.4% in the 3rd quarter. First Affirmative Financial Network now owns 11,617 shares of the Wireless communications provider’s stock valued at $276,000 after buying an additional 1,188 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Friday.

SK Telecom Stock Performance

NYSE:SKM opened at $21.39 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.43 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.87 and a beta of 0.80. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58. The stock’s 50-day simple moving average is $22.00 and its 200 day simple moving average is $22.51.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Wednesday, November 6th. The Wireless communications provider reported $0.51 earnings per share for the quarter. The company had revenue of $3.35 billion for the quarter. SK Telecom had a net margin of 6.31% and a return on equity of 9.03%. On average, analysts anticipate that SK Telecom Co., Ltd. will post 1.96 EPS for the current fiscal year.

SK Telecom Company 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.