Euro Pacific Asset Management LLC Makes New Investment in KT Corporation $KT

Euro Pacific Asset Management LLC acquired a new stake in KT Corporation (NYSE:KT) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 9,339 shares of the technology company’s stock, valued at approximately $201,000.

A number of other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in KT by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company’s stock worth $187,954,000 after purchasing an additional 388,592 shares in the last quarter. Wellington Management Group LLP boosted its holdings in KT by 2.0% in the first quarter. Wellington Management Group LLP now owns 10,115,990 shares of the technology company’s stock valued at $179,154,000 after acquiring an additional 198,909 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of KT by 18.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company’s stock worth $98,250,000 after purchasing an additional 875,840 shares during the period. Ninety One UK Ltd grew its stake in KT by 28.3% during the first quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company’s stock worth $86,615,000 after buying an additional 1,079,860 shares during the period. Finally, Boston Partners increased its holdings in KT by 193.2% in the 1st quarter. Boston Partners now owns 3,658,852 shares of the technology company’s stock valued at $64,806,000 after purchasing an additional 2,410,971 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

Analysts Set New Price Targets

KT has been the subject of several recent research reports. Zacks Research downgraded shares of KT from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen cut KT from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

KT Price Performance

Shares of KT opened at $19.68 on Monday. KT Corporation has a one year low of $14.79 and a one year high of $21.61. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 0.14 and a beta of 0.70. The stock’s fifty day moving average is $20.10 and its 200-day moving average is $19.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19.

KT (NYSE:KT) last issued its quarterly earnings results on Friday, September 5th. The technology company reported $1.01 earnings per share for the quarter. The company had revenue of $5.31 billion during the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. Equities analysts anticipate that KT Corporation will post 0.73 EPS for the current year.

KT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, July 30th were issued a $0.2164 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, July 30th. KT’s dividend payout ratio is presently 51.85%.

KT 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.