PNC Financial Services Group Inc. Has $401,000 Stake in SK Telecom Co., Ltd. (NYSE:SKM)

PNC Financial Services Group Inc. reduced its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,078 shares of the Wireless communications provider’s stock after selling 965 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SK Telecom were worth $401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its position in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after buying an additional 583,519 shares in the last quarter. Citigroup Inc. boosted its position in SK Telecom by 0.3% during the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock valued at $19,298,000 after purchasing an additional 2,737 shares during the last quarter. Meritage Portfolio Management grew its stake in SK Telecom by 24.5% in the fourth quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider’s stock valued at $4,674,000 after purchasing an additional 43,778 shares in the last quarter. DGS Capital Management LLC increased its position in SK Telecom by 14.7% in the 3rd quarter. DGS Capital Management LLC now owns 212,324 shares of the Wireless communications provider’s stock worth $5,047,000 after purchasing an additional 27,173 shares during the last quarter. Finally, State Street Corp raised its stake in shares of SK Telecom by 1.4% during the 3rd quarter. State Street Corp now owns 209,485 shares of the Wireless communications provider’s stock worth $4,979,000 after purchasing an additional 2,883 shares in the last quarter.

SK Telecom Stock Down 1.6 %

Shares of SKM stock opened at $21.30 on Friday. SK Telecom Co., Ltd. has a 12 month low of $19.88 and a 12 month high of $24.58. 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 cap of $8.39 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The stock has a 50 day moving average of $21.65 and a 200-day moving average of $22.40.

SK Telecom (NYSE:SKM) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts predict that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. UBS Group assumed coverage on SK Telecom in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, SK Telecom presently has an average rating of “Hold”.

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.