First Affirmative Financial Network Has $233,000 Stake in SK Telecom Co., Ltd. (NYSE:SKM)

First Affirmative Financial Network increased its position in SK Telecom Co., Ltd. (NYSE:SKM) by 18.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,960 shares of the Wireless communications provider’s stock after buying an additional 1,904 shares during the period. First Affirmative Financial Network’s holdings in SK Telecom were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of SK Telecom by 602.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,229,982 shares of the Wireless communications provider’s stock valued at $25,227,000 after acquiring an additional 1,054,990 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of SK Telecom by 744.0% in the second quarter. Goldman Sachs Group Inc. now owns 671,890 shares of the Wireless communications provider’s stock valued at $14,996,000 after purchasing an additional 592,279 shares during the period. BlackRock Inc. lifted its stake in shares of SK Telecom by 71.8% in the first quarter. BlackRock Inc. now owns 1,193,354 shares of the Wireless communications provider’s stock worth $24,476,000 after buying an additional 498,677 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of SK Telecom by 159.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 803,510 shares of the Wireless communications provider’s stock worth $16,480,000 after buying an additional 494,143 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in SK Telecom in the 1st quarter valued at $7,100,000.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of SK Telecom in a report on Thursday, August 17th. They set a “buy” rating for the company.

SK Telecom Stock Up 0.4 %

Shares of SKM stock opened at $20.96 on Friday. SK Telecom Co., Ltd. has a 12 month low of $18.26 and a 12 month high of $21.73. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.62. The firm has a market cap of $9.25 billion, a PE ratio of 51.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.70. The stock has a 50 day moving average of $19.86 and a 200-day moving average of $20.17.

SK Telecom (NYSE:SKM) last released its earnings results on Tuesday, August 8th. The Wireless communications provider reported $0.13 EPS for the quarter. The firm had revenue of $3.27 billion during the quarter. SK Telecom had a net margin of 6.20% and a return on equity of 8.87%. On average, equities analysts predict that SK Telecom Co., Ltd. will post 2.1 EPS for the current year.

SK Telecom Company 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.