KT Corp (KT) Shares Sold by Ronald Blue & Co. LLC

Ronald Blue & Co. LLC lowered its stake in shares of KT Corp (NYSE:KT) by 48.1% during the first quarter, Holdings Channel reports. The firm owned 16,136 shares of the technology company’s stock after selling 14,937 shares during the period. Ronald Blue & Co. LLC’s holdings in KT Corp were worth $272,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its stake in KT Corp by 30.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,107,384 shares of the technology company’s stock valued at $49,874,000 after buying an additional 716,226 shares during the last quarter. Morgan Stanley boosted its stake in KT Corp by 6.0% in the third quarter. Morgan Stanley now owns 3,418,700 shares of the technology company’s stock valued at $54,870,000 after buying an additional 193,200 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in KT Corp by 12.3% in the third quarter. Commonwealth Bank of Australia now owns 3,520,629 shares of the technology company’s stock valued at $56,507,000 after buying an additional 386,925 shares during the last quarter. Hsbc Holdings PLC boosted its stake in KT Corp by 3.7% in the third quarter. Hsbc Holdings PLC now owns 98,504 shares of the technology company’s stock valued at $1,582,000 after buying an additional 3,500 shares during the last quarter. Finally, UBS Group AG boosted its stake in KT Corp by 43.4% in the third quarter. UBS Group AG now owns 385,376 shares of the technology company’s stock valued at $6,185,000 after buying an additional 116,592 shares during the last quarter. Institutional investors and hedge funds own 19.27% of the company’s stock.

Institutional Ownership by Quarter for KT Corp (NYSE:KT)

KT Corp (NYSE:KT) traded up 1.19% during midday trading on Friday, reaching $16.14. The company’s stock had a trading volume of 1,134,875 shares. The firm has a market cap of $7.91 billion, a P/E ratio of 12.40 and a beta of 0.55. KT Corp has a 52-week low of $13.34 and a 52-week high of $17.24. The firm has a 50 day moving average of $16.20 and a 200 day moving average of $15.39.

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Separately, Zacks Investment Research cut KT Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 5th.

About KT Corp

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.

12 Month Chart for NYSE:KT

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