Hennion & Walsh Asset Management Inc. Has $1.39 Million Stock Position in SK Telecom Co., Ltd. (NYSE:SKM)

Hennion & Walsh Asset Management Inc. grew its position in SK Telecom Co., Ltd. (NYSE:SKM) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,664 shares of the Wireless communications provider’s stock after purchasing an additional 2,797 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in SK Telecom were worth $1,394,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SKM. GAMMA Investing LLC increased its holdings in SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock worth $53,000 after buying an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SK Telecom by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,334 shares of the Wireless communications provider’s stock valued at $75,000 after purchasing an additional 652 shares in the last quarter. Raymond James & Associates lifted its stake in shares of SK Telecom by 0.8% in the 2nd quarter. Raymond James & Associates now owns 90,116 shares of the Wireless communications provider’s stock valued at $1,886,000 after purchasing an additional 729 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in SK Telecom by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 260,416 shares of the Wireless communications provider’s stock worth $5,615,000 after purchasing an additional 930 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in SK Telecom by 5.1% during the first quarter. QRG Capital Management Inc. now owns 20,343 shares of the Wireless communications provider’s stock worth $439,000 after buying an additional 985 shares during the last quarter.

SK Telecom Stock Performance

NYSE:SKM opened at $23.06 on Friday. The company’s 50 day moving average is $23.43 and its 200-day moving average is $21.95. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58.

SK Telecom (NYSE:SKM) last announced its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 EPS for the quarter. The firm had revenue of $3.22 billion for the quarter. SK Telecom had a net margin of 6.52% and a return on equity of 8.94%. On average, equities research analysts predict that SK Telecom Co., Ltd. will post 2.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

SK Telecom 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.