Today: US Bancorp DE Raises its position in KT Corp. (KT) as a favorable investment target.

Today: US Bancorp DE Raises its position in KT Corp. (KT) as a favorable investment target.

US Bancorp DE increased its position in shares of KT Corp. (NYSE:KT) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 878,716 shares of the company’s stock after buying an additional 11,087 shares during the period. US Bancorp DE’s holdings in KT Corp. were worth $14,103,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in KT Corp. during the second quarter valued at approximately $112,000. DIAM Co. Ltd. acquired a new stake in KT Corp. during the second quarter valued at approximately $127,000. CIBC World Markets Inc. acquired a new stake in KT Corp. during the third quarter valued at approximately $168,000. Airain ltd acquired a new stake in KT Corp. during the second quarter valued at approximately $176,000. Finally, KCG Holdings Inc. acquired a new stake in KT Corp. during the second quarter valued at approximately $189,000. 18.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KT Corp. (NYSE:KT) traded down 3.13% on Monday, reaching $13.60. 1,171,363 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $15.59 and a 200-day moving average price of $15.15. The company has a market cap of $6.66 billion, a PE ratio of 14.76 and a beta of 0.58. KT Corp. has a 12-month low of $10.81 and a 12-month high of $16.79.

Separately, Zacks Investment Research raised shares of KT Corp. from a “sell” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 3rd.

KT Corp. Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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