Rhumbline Advisers Has $675,000 Stock Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Rhumbline Advisers trimmed its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,122 shares of the utilities provider’s stock after selling 5,544 shares during the period. Rhumbline Advisers’ holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 buying an additional 660 shares during the last quarter. Mather Group LLC. acquired a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 1st quarter worth approximately $40,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during 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 grew its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% during the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 613 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the first 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 during the last quarter.

Wall Street Analysts Forecast Growth

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK opened at $20.79 on Wednesday. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85. The stock has a market cap of $18.72 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.56 and a beta of 0.77. The business’s fifty day moving average is $19.19 and its 200 day moving average is $19.64. The company has a quick ratio of 0.65, a current ratio of 0.66 and a debt-to-equity ratio of 0.16.

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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.