US Bancorp DE Has $561,000 Stake in SK Telecom Co Ltd (NYSE:SKM)
US Bancorp DE lifted its holdings in shares of SK Telecom Co Ltd (NYSE:SKM) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,891 shares of the Wireless communications provider’s stock after buying an additional 1,474 shares during the quarter. US Bancorp DE’s holdings in SK Telecom were worth $561,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new position in SK Telecom during the 4th quarter valued at about $38,000. Investors Research Corp purchased a new position in SK Telecom during the 1st quarter valued at about $64,000. Lindbrook Capital LLC purchased a new position in SK Telecom during the 4th quarter valued at about $65,000. Aspire Private Capital LLC purchased a new position in SK Telecom during the 4th quarter valued at about $85,000. Finally, Financial Gravity Wealth Inc. purchased a new position in SK Telecom during the 1st quarter valued at about $89,000. 10.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE SKM traded up $0.36 during midday trading on Wednesday, hitting $24.18. 5,318 shares of the company’s stock were exchanged, compared to its average volume of 382,221. SK Telecom Co Ltd has a 12-month low of $22.71 and a 12-month high of $28.56. 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 $15.34 billion, a price-to-earnings ratio of 5.43 and a beta of 0.27.
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About SK Telecom
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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