Truist Financial Corp Sells 3,784 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Truist Financial Corp reduced its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,124 shares of the utilities provider’s stock after selling 3,784 shares during the quarter. Truist Financial Corp’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Creative Planning boosted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.9% in the 2nd quarter. Creative Planning now owns 59,363 shares of the utilities provider’s stock valued at $1,110,000 after purchasing an additional 30,812 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 268.1% in the 2nd quarter. Millennium Management LLC now owns 316,621 shares of the utilities provider’s stock valued at $5,921,000 after acquiring an additional 230,613 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 2nd quarter valued at about $2,163,000. Bank of Montreal Can boosted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.1% during the 2nd quarter. Bank of Montreal Can now owns 120,089 shares of the utilities provider’s stock valued at $2,250,000 after acquiring an additional 2,494 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 63.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 38,823 shares of the utilities provider’s stock worth $726,000 after acquiring an additional 15,047 shares during the last quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a report on Friday, October 4th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE:TLK opened at $18.56 on Tuesday. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85. 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 stock has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $19.15.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its earnings results on Monday, July 29th. The utilities provider reported $0.36 earnings per share (EPS) 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 company had revenue of $2.35 billion for the quarter. As a group, equities research analysts expect that Perusahaan Perseroan will post 1.65 EPS for the current fiscal 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.