Value Hunters: Look To KT Corporation (KT)


Wells Capital Management, Inc. recently announced the acquisition of new stake in KT Corporation (NYSE:KT). The institutional investor has increased its shareholding in the Communication Services company by 2.52% to 10.38 million shares with purchase of 0.26 million shares. This fresh investment now brings its stake to 1.99% valued currently at $101.12 million. In addition, Kopernik Global Investors LLC raised its holdings by 0.6 million to 8.2 million shares. And Kiltearn Partners LLP has lifted its position by 7.73% or 0.55 million shares – to 7.7 million shares.

With over 0.57 million KT Corporation (KT) shares trading Wednesday and a closing price of $9.86 on the day, the dollar volume was approximately $5.59 million. The shares have shown a negative weekly performance of -2.53% and its price on 07/22/20 lost nearly -1.40%. Currently, there are 490.48M common shares owned by the public and among those 458.98M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for KT have a consensus price objective of $13.42. The analysts have set the share’s price value over the next 12 months at a high of $15.50 and a low of $8.88 should the stock experience a downside. Incidentally, analysts’ outlook for the KT Corporation stock is 1.00 for the next 12 months. The average price target is 26.96% above its last price level and an upside to the estimated low will see the stock lose -11.04% over that period. But an upside of 36.39% will see the stock hit the forecast high price target while mean target price for the stock is $13.87.

The top 3 mutual fund holders in KT Corporation are Capital Income Builder, T Rowe Price International Value, and Wells Fargo Emerging Markets Equi. Capital Income Builder owns 6.32 million shares of the company’s stock, all valued at over $61.54 million. The company bought an additional 6.32 million shares recently to bring their total holdings to about 1.21% of the shares outstanding. T Rowe Price International Value sold 41300.0 shares to see its total holdings shrink to 4.17 million shares valued at over $40.58 million and representing 0.80% of the shares outstanding. Wells Fargo Emerging Markets Equi sold -0.17 million shares to bring its total holdings to over 4.03 million shares at a value of $39.3 million. Wells Fargo Emerging Markets Equi now owns shares totaling to 0.77% of the shares outstanding.

Shares of KT Corporation (NYSE: KT) opened at $9.97, down -$0.03 from a prior closing price of $10.00. However, the script later closed the day at $9.86, down -1.40%. The company’s stock has a 5-day price change of -2.53% and 7.07% over the past three months. KT shares are trading -13.79% year to date (YTD), with the 12-month market performance down to -16.39% lower. It has a 12-month low price of $6.66 and touched a high of $12.02 over the same period. Currently, 0.57 million shares have been traded, compared to an average intraday trading volume of 884.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.62%, -0.53%, and -3.78% respectively.

Institutional ownership of KT Corporation (NYSE: KT) shares accounts for 34.60% of the company’s 490.48M shares outstanding. Mutual fund holders own 20.47%, while other institutional holders and individual stakeholders account for 9.62% and — respectively.

It has a market capitalization of $5.29B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 9.91, while the earnings-per-share (ttm) stands at $1.01. The company has a PEG of 2.42 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.29% over the week and 1.37% over the month.

Analysts forecast that KT Corporation (KT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -10.10%, and 5.75% over the next financial year. EPS should shrink at an annualized rate of 4.10% over the next five years, compared to 20.60% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate KT Corporation (KT) as a “Strong Buy” at a consensus score of 1.00. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 4 of the 25 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the KT, a number of firms have released research notes about the stock. Macquarie stated their Neutral rating for the stock in a research note on October 07, 2019, with the firm’s price target at. Nomura coverage for the KT Corporation (KT) stock in a research note released on December 07, 2018 offered a Neutral rating with a price target of. Nomura was of a view on April 16, 2018 that the stock is Reduce, while Nomura gave the stock Neutral rating on February 06, 2018, issuing a price target of. Credit Suisse on their part issued Neutral rating on February 06, 2018.


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