Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 17.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,937 shares of the utilities provider’s stock after selling 1,880 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $167,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,567,419 shares of the utilities provider’s stock worth $85,411,000 after purchasing an additional 492,128 shares in the last quarter. Martin Currie Ltd. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.1% during the 4th quarter. Martin Currie Ltd. now owns 874,515 shares of the utilities provider’s stock worth $22,528,000 after purchasing an additional 9,842 shares in the last quarter. Northcape Capital Pty Ltd grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 75.1% during the 1st quarter. Northcape Capital Pty Ltd now owns 572,516 shares of the utilities provider’s stock worth $12,744,000 after purchasing an additional 245,573 shares in the last quarter. Oldfield Partners LLP grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.5% during the 1st quarter. Oldfield Partners LLP now owns 502,489 shares of the utilities provider’s stock worth $11,185,000 after purchasing an additional 39,300 shares in the last quarter. Finally, Sei Investments Co. grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.4% during the 1st quarter. Sei Investments Co. now owns 378,930 shares of the utilities provider’s stock worth $8,435,000 after purchasing an additional 5,162 shares in 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 Saturday, August 24th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock traded up $0.19 on Thursday, reaching $19.54. 157,487 shares of the stock were exchanged, compared to its average volume of 369,300. The stock has a market cap of $17.60 billion, a PE ratio of 12.02, a PEG ratio of 1.44 and a beta of 0.75. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16. Perusahaan Perseroan has a twelve month low of $16.62 and a twelve month high of $26.85. The firm has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $20.45.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings data 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 net margin of 15.65% and a return on equity of 15.39%. Sell-side analysts anticipate that Perusahaan Perseroan will post 1.69 EPS for the current year.

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.