KT Co. (NYSE:KT) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of KT Co. (NYSE:KT) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,605,381 shares of the technology company’s stock after buying an additional 3,050 shares during the period. Wellington Management Group LLP’s holdings in KT were worth $21,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in KT during the 4th quarter worth $28,000. Glassman Wealth Services increased its stake in KT by 63.5% during the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after buying an additional 911 shares during the period. Tower Research Capital LLC TRC increased its stake in KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after buying an additional 2,831 shares during the period. EverSource Wealth Advisors LLC increased its stake in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after buying an additional 1,821 shares during the period. Finally, Assetmark Inc. increased its stake in KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after buying an additional 2,823 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th.

KT Price Performance

KT opened at $13.55 on Wednesday. The company has a 50-day moving average of $13.16 and a 200-day moving average of $13.51. The company has a market capitalization of $6.99 billion, a P/E ratio of 8.16, a PEG ratio of 0.94 and a beta of 0.89. KT Co. has a 1-year low of $11.04 and a 1-year high of $15.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.07.

KT (NYSE:KT) last released its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. The company had revenue of $5 billion during the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. Equities analysts expect that KT Co. will post 1.79 EPS for the current fiscal year.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.