175 institutions hold shares in KT Corporation (KT), with institutional investors hold 30.04% of the company’s shares. The shares outstanding are 490.74M, and float is at 457.99M with Short Float at 0.04%. Institutions hold 30.04% of the Float.
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The top institutional shareholder in the company is Wells Fargo & Company with over 11.32 million shares valued at $124.67 million. The investor’s holdings represent 2.17% of the KT Shares outstanding. As of Dec 30, 2020, the second largest holder is Capital International Investors with 8.99 million shares valued at $98.97 million to account for 1.72% of the shares outstanding. The other top investors are Acadian Asset Management which holds 8.76 million shares representing 1.68% and valued at over $96.46 million, while Price (T.Rowe) Associates Inc holds 1.48% of the shares totaling 7.7 million with a market value of $84.83 million.
KT Corporation (NYSE: KT) is 6.27% higher on its value in year-to-date trading and has touched a low of $6.66 and a high of $11.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KT stock was last observed hovering at around $11.39 in the last trading session, with the day’s gains setting it 0.31% off its average median price target of $14.47 for the next 12 months. It is also 31.82% off the consensus price target high of $17.16 offered by 24 analysts, but current levels are -10.07% lower than the price target low of $10.63 for the same period.
Currently trading at $11.70, the stock is 6.40% and 5.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing 2.72% at the moment leaves the stock 13.63% off its SMA200. KT registered 18.54% gain for a year compared to 6-month gain of 17.59%. The firm has a 50-day simple moving average (SMA 50) of $10.94 and a 200-day simple moving average (SMA200) of $10.49.
The stock witnessed a 8.64% loss in the last 1 month and extending the period to 3 months gives it a 10.80%, and is -0.85% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 1.87% over the month.
KT Corporation (KT) has around 23371 employees, a market worth around $6.23B and $21.60B in sales. Current P/E ratio is 10.37 and Fwd P/E is 6.07. Profit margin for the company is 2.50%. Distance from 52-week low is 75.68% and -1.93% from its 52-week high. The company has generated returns on investments over the last 12 months (3.50%).
KT Corporation (KT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for KT Corporation (KT) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 1.00, where 6 rate it as a Hold and 3 think it is a “Overweight”. 15 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
KT Corporation is expected to release its quarterly report on 04/23/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -10.10% this year.
KT Corporation (KT): Who are the competitors?
The company’s main competitors (and peers) include Sify Technologies Limited (SIFY) that is 168.00% higher over the past 12 months. Chunghwa Telecom Co. Ltd. (CHT) is 11.37% up on the 1-year trading charts. Short interest in the company’s stock has fallen -120.62% from the last report on Dec 30, 2020 to stand at a total of 0.43 million short shares sold with a short interest ratio of 0.22.