KT Co. (NYSE:KT) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in KT Co. (NYSE:KT – Get Rating) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,671 shares of the technology company’s stock after selling 6,851 shares during the period. Raymond James & Associates’ holdings in KT were worth $3,112,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Silchester International Investors LLP lifted its stake in shares of KT by 0.3% during the third quarter. Silchester International Investors LLP now owns 26,498,315 shares of the technology company’s stock worth $323,809,000 after buying an additional 66,700 shares during the period. QP Wealth Management LLC acquired a new stake in shares of KT during the third quarter worth $178,000. Sawtooth Solutions LLC acquired a new position in KT during the third quarter valued at $168,000. Private Trust Co. NA acquired a new position in KT during the second quarter valued at $30,000. Finally, Nomura Holdings Inc. acquired a new position in KT during the second quarter valued at $1,155,000. 21.05% of the stock is currently owned by institutional investors and hedge funds.

KT Trading Up 0.5 %

NYSE KT opened at $14.80 on Friday. The company has a market capitalization of $6.98 billion, a PE ratio of 6.17, a P/E/G ratio of 1.62 and a beta of 0.75. The company has a fifty day moving average of $13.95 and a 200 day moving average of $13.57. KT Co. has a 1 year low of $11.56 and a 1 year high of $15.30. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.23 and a quick ratio of 1.17.

KT (NYSE:KT – Get Rating) last posted its earnings results on Monday, November 14th. The technology company reported $0.46 earnings per share (EPS) for the quarter. KT had a net margin of 5.57% and a return on equity of 8.41%. The company had revenue of $4.84 billion during the quarter. Research analysts forecast that KT Co. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 25th.

KT Profile

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KT Corp. engages in the provision of integrated telecommunication services. The company operates through the Customer and Marketing businesses. Its services include wire and wireless phones, internet, and other communication. The company was founded on December 20, 1981 and is headquartered in Seongnam-si, South Korea.