Northwestern Mutual Wealth Management Co. Lowers Stock Holdings in KT Co. (NYSE:KT)

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of KT Co. (NYSE:KT) by 93.8% during the second quarter, HoldingsChannel reports. The firm owned 10,648 shares of the technology company’s stock after selling 159,874 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in KT were worth $146,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in KT by 2.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock worth $418,000 after purchasing an additional 886 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of KT by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 33,494 shares of the technology company’s stock worth $470,000 after buying an additional 968 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after buying an additional 1,244 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after buying an additional 1,264 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,403 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KT shares. The Goldman Sachs Group downgraded KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. New Street Research upgraded shares of KT to a “strong-buy” rating in a report on Monday, September 9th. Finally, StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd.

KT Trading Up 0.9 %

Shares of KT opened at $14.99 on Friday. KT Co. has a 12 month low of $11.83 and a 12 month high of $15.90. The stock’s 50-day moving average is $14.89 and its two-hundred day moving average is $13.88. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01. The stock has a market cap of $7.73 billion, a PE ratio of 9.03, a P/E/G ratio of 0.73 and a beta of 0.90.

KT (NYSE:KT) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. The firm had revenue of $4.77 billion for the quarter. Equities analysts forecast that KT Co. will post 1.86 earnings per share for the current fiscal year.

About KT

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.