State of New Jersey Common Pension Fund D Sells 46,855 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

State of New Jersey Common Pension Fund D lessened its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 21.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,379 shares of the utilities provider’s stock after selling 46,855 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $3,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 88.9% during the 2nd quarter. UMB Bank n.a. now owns 1,402 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 660 shares in the last quarter. Mather Group LLC. bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 1,124 shares in the last quarter. CWM LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the 1st quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 613 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% in the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 1,011 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE TLK opened at $20.18 on Wednesday. Perusahaan Perseroan has a fifty-two week low of $16.62 and a fifty-two week high of $26.85. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.54 and a beta of 0.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.65 and a current ratio of 0.66. The firm’s 50-day simple moving average is $19.07 and its 200 day simple moving average is $19.79.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.36 EPS for the quarter. The firm had revenue of $2.35 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.65% and a return on equity of 15.39%. As a group, research analysts anticipate that Perusahaan Perseroan will post 1.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research report on Monday.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.