TD Asset Management Inc. increased its holdings in SK Telecom Co Ltd (NYSE:SKM) by 17.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,007,300 shares of the Wireless communications provider’s stock after buying an additional 150,300 shares during the period. TD Asset Management Inc.’s holdings in SK Telecom were worth $24,669,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Silchester International Investors LLP lifted its position in shares of SK Telecom by 1.6% during the first quarter. Silchester International Investors LLP now owns 12,271,552 shares of the Wireless communications provider’s stock worth $300,530,000 after acquiring an additional 196,115 shares in the last quarter. Nordea Investment Management AB increased its stake in SK Telecom by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 2,959,498 shares of the Wireless communications provider’s stock worth $79,316,000 after purchasing an additional 16,659 shares in the last quarter. Oldfield Partners LLP increased its stake in SK Telecom by 7.0% in the 1st quarter. Oldfield Partners LLP now owns 2,870,174 shares of the Wireless communications provider’s stock worth $70,290,000 after purchasing an additional 188,900 shares in the last quarter. Bank of America Corp DE increased its stake in SK Telecom by 9.4% in the 4th quarter. Bank of America Corp DE now owns 2,644,585 shares of the Wireless communications provider’s stock worth $70,874,000 after purchasing an additional 226,252 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in SK Telecom by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,923,040 shares of the Wireless communications provider’s stock worth $53,614,000 after purchasing an additional 138,537 shares in the last quarter. Institutional investors own 10.38% of the company’s stock.

A number of research analysts recently commented on SKM shares. Zacks Investment Research upgraded SK Telecom from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Macquarie started coverage on SK Telecom in a research note on Tuesday. They issued an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. SK Telecom presently has an average rating of “Hold”.

Shares of NYSE SKM traded up $0.10 during trading hours on Friday, reaching $23.50. The stock had a trading volume of 3,307 shares, compared to its average volume of 397,818. The company has a current ratio of 1.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 5.37 and a beta of 0.27. SK Telecom Co Ltd has a twelve month low of $22.66 and a twelve month high of $28.56.

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SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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