Creative Planning Acquires 63,338 Shares of KT Co. (NYSE:KT)

Creative Planning grew its holdings in KT Co. (NYSE:KT) by 46.4% during the 3rd quarter, Holdings Channel reports. The fund owned 199,748 shares of the technology company’s stock after buying an additional 63,338 shares during the period. Creative Planning’s holdings in KT were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,264 shares during the period. Crewe Advisors LLC bought a new stake in shares of KT during the 1st quarter valued at $98,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of KT during the 2nd quarter valued at $140,000. Kathmere Capital Management LLC bought a new stake in shares of KT during the 1st quarter valued at $148,000. Finally, Aprio Wealth Management LLC bought a new stake in shares of KT during the 2nd quarter valued at $151,000. 18.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KT has been the topic of several recent analyst reports. The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd. Finally, New Street Research upgraded shares of KT to a “strong-buy” rating in a report on Monday, September 9th.

KT Stock Performance

Shares of NYSE KT opened at $15.80 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market cap of $8.15 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.75 and a beta of 0.90. The firm’s fifty day moving average is $15.24 and its two-hundred day moving average is $14.01. KT Co. has a 52-week low of $11.83 and a 52-week high of $15.98.

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

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.