State of New Jersey Common Pension Fund D Decreases Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

State of New Jersey Common Pension Fund D lowered its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 21.6% in the 2nd quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of TLK. Envestnet Portfolio Solutions Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 25.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,202 shares of the utilities provider’s stock worth $366,000 after purchasing an additional 2,904 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,717 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 1,367 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $56,000 after purchasing an additional 1,124 shares during the last quarter. Moreno Evelyn V purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth approximately $208,000. Finally, US Bancorp DE increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% during the 4th quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock worth $3,445,000 after purchasing an additional 12,583 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Down 1.3 %

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk stock opened at $20.18 on Wednesday. Perusahaan Perseroan has a 1-year low of $16.62 and a 1-year high of $26.85. The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.54 and a beta of 0.77. The company has a current ratio of 0.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $19.07 and a 200 day simple moving average of $19.79.

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

Analysts Set New Price Targets

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