TD Asset Management Inc. boosted its stake in SK Telecom Co. (NYSE:SKM) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 648,800 shares of the company’s stock after buying an additional 18,900 shares during the period. TD Asset Management Inc. owned 0.10% of SK Telecom worth $14,663,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners raised its position in shares of SK Telecom by 1.6% in the second quarter. Boston Partners now owns 12,606 shares of the company’s stock valued at $264,000 after buying an additional 194 shares during the period. Bank of New York Mellon Corp raised its position in shares of SK Telecom by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 16,571 shares of the company’s stock valued at $347,000 after buying an additional 479 shares during the period. Brandes Investment Partners LP raised its position in shares of SK Telecom by 4.9% in the second quarter. Brandes Investment Partners LP now owns 14,743 shares of the company’s stock valued at $308,000 after buying an additional 693 shares during the period. Manning & Napier Advisors LLC raised its position in shares of SK Telecom by 0.9% in the third quarter. Manning & Napier Advisors LLC now owns 104,916 shares of the company’s stock valued at $2,370,000 after buying an additional 912 shares during the period. Finally, Wetherby Asset Management Inc. raised its position in shares of SK Telecom by 8.8% in the second quarter. Wetherby Asset Management Inc. now owns 21,124 shares of the company’s stock valued at $442,000 after buying an additional 1,711 shares during the period. 11.22% of the stock is currently owned by institutional investors and hedge funds.
SK Telecom Co. (NYSE:SKM) opened at 21.50 on Friday. The firm has a 50-day moving average price of $21.50 and a 200 day moving average price of $21.44. SK Telecom Co. has a 52-week low of $17.52 and a 52-week high of $23.17. The stock has a market capitalization of $13.68 billion, a price-to-earnings ratio of 11.07 and a beta of 0.61.
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Separately, Macquarie lowered SK Telecom from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 25th.
About SK Telecom
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.
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