KT Co. (NYSE:KT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in KT Co. (NYSE:KTFree Report) by 15.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 463,458 shares of the technology company’s stock after selling 85,821 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of KT worth $5,942,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of KT by 57.3% during the first quarter. JPMorgan Chase & Co. now owns 520,833 shares of the technology company’s stock valued at $7,468,000 after buying an additional 189,661 shares during the last quarter. Raymond James & Associates increased its holdings in shares of KT by 5.7% in the first quarter. Raymond James & Associates now owns 266,292 shares of the technology company’s stock valued at $3,819,000 after purchasing an additional 14,458 shares during the period. Bank of New York Mellon Corp raised its stake in shares of KT by 27.1% in the first quarter. Bank of New York Mellon Corp now owns 211,336 shares of the technology company’s stock worth $3,031,000 after purchasing an additional 45,023 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of KT by 19.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,689 shares of the technology company’s stock worth $483,000 after purchasing an additional 5,510 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in KT by 259.9% in the first quarter. Allianz Asset Management GmbH now owns 427,668 shares of the technology company’s stock valued at $6,133,000 after buying an additional 308,849 shares during the last quarter. Hedge funds and other institutional investors own 20.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 11th. Bank of America raised shares of KT from a “neutral” rating to a “buy” rating in a report on Tuesday, November 7th.

Get Our Latest Analysis on KT

KT Trading Down 0.3 %

Shares of NYSE:KT opened at $14.36 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42. KT Co. has a 12-month low of $11.04 and a 12-month high of $15.35. The business has a 50 day moving average of $13.60 and a two-hundred day moving average of $12.98. The company has a market capitalization of $7.35 billion, a PE ratio of 7.98, a PEG ratio of 1.48 and a beta of 0.82.

KT Company Profile

(Free Report)

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.

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Institutional Ownership by Quarter for KT (NYSE:KT)

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