KT Co. (NYSE:KT) Position Increased by apricus wealth LLC

apricus wealth LLC increased its position in shares of KT Co. (NYSE:KT) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,215 shares of the technology company’s stock after acquiring an additional 4,900 shares during the period. KT comprises approximately 1.9% of apricus wealth LLC’s portfolio, making the stock its 19th biggest holding. apricus wealth LLC’s holdings in KT were worth $2,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after buying an additional 1,264 shares during the last quarter. Crewe Advisors LLC acquired a new position in KT during the first quarter worth $98,000. Janiczek Wealth Management LLC increased its position in KT by 145.1% during the first quarter. Janiczek Wealth Management LLC now owns 8,254 shares of the technology company’s stock worth $116,000 after buying an additional 4,886 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in KT during the second quarter worth $140,000. Finally, Kathmere Capital Management LLC acquired a new stake in shares of KT in the first quarter valued at about $148,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KT shares. The Goldman Sachs Group downgraded KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, New Street Research raised KT to a “strong-buy” rating in a research report on Monday, September 9th.

KT Trading Up 1.0 %

Shares of NYSE:KT opened at $15.71 on Friday. KT Co. has a 52-week low of $11.83 and a 52-week high of $15.98. The company has a market cap of $8.10 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.71 and a beta of 0.90. The stock’s 50-day moving average is $15.20 and its 200-day moving average is $13.99. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08.

KT (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. The business had revenue of $4.77 billion for the quarter. Equities research analysts predict that KT Co. will post 1.86 earnings per share for the current year.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.