PT Telekomunikasi Indonesia, Tbk $TLK Stake Boosted by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd raised its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLKFree Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,125,872 shares of the utilities provider’s stock after purchasing an additional 48,584 shares during the quarter. PT Telekomunikasi Indonesia, Tbk accounts for 2.0% of Northcape Capital Pty Ltd’s portfolio, making the stock its 7th biggest position. Northcape Capital Pty Ltd’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $15,120,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock valued at $377,750,000 after purchasing an additional 5,154,799 shares during the period. Millennium Management LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% in the first quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the period. Barometer Capital Management Inc. bought a new stake in PT Telekomunikasi Indonesia, Tbk during the 1st quarter valued at $6,385,000. First Trust Advisors LP raised its holdings in PT Telekomunikasi Indonesia, Tbk by 1,041.8% during the 3rd quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock valued at $6,507,000 after buying an additional 315,488 shares during the last quarter. Finally, Sei Investments Co. boosted its position in PT Telekomunikasi Indonesia, Tbk by 1,021.8% during the 1st quarter. Sei Investments Co. now owns 289,999 shares of the utilities provider’s stock valued at $5,417,000 after buying an additional 264,148 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TLK shares. Weiss Ratings lowered shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 31st. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Get Our Latest Stock Report on PT Telekomunikasi Indonesia, Tbk

PT Telekomunikasi Indonesia, Tbk Stock Down 1.3%

Shares of NYSE TLK opened at $14.90 on Tuesday. The firm has a fifty day simple moving average of $14.68 and a two-hundred day simple moving average of $17.43. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.23 and a 12 month high of $23.51. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $14.76 billion, a PE ratio of 14.33 and a beta of 0.36.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLKGet Free Report) last announced its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.62% and a return on equity of 11.53%. The company had revenue of $2.19 billion for the quarter. Equities analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.71 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 18th were given a dividend of $1.2214 per share. This represents a yield of 824.0%. The ex-dividend date of this dividend was Thursday, June 18th. PT Telekomunikasi Indonesia, Tbk’s payout ratio is presently 90.38%.

PT Telekomunikasi Indonesia, Tbk Company Profile

(Free Report)

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.

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Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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