Whittier Trust Co. of Nevada Inc. Sells 6,132 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Whittier Trust Co. of Nevada Inc. reduced its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 68.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,805 shares of the utilities provider’s stock after selling 6,132 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $55,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TLK. Kathmere Capital Management LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 38.6% during the 1st quarter. Kathmere Capital Management LLC now owns 33,433 shares of the utilities provider’s stock valued at $744,000 after purchasing an additional 9,318 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,075,291 shares of the utilities provider’s stock valued at $90,716,000 after purchasing an additional 30,270 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 21.4% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 91,559 shares of the utilities provider’s stock valued at $2,038,000 after purchasing an additional 16,131 shares in the last quarter. BNP Paribas Financial Markets raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.4% during the 1st quarter. BNP Paribas Financial Markets now owns 6,814 shares of the utilities provider’s stock valued at $152,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Whittier Trust Co. raised its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 13.5% during the 1st quarter. Whittier Trust Co. now owns 27,354 shares of the utilities provider’s stock valued at $609,000 after purchasing an additional 3,254 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE:TLK opened at $18.56 on Friday. Perusahaan Perseroan has a 12-month low of $16.62 and a 12-month high of $26.85. The business’s fifty day simple moving average is $19.53 and its 200-day simple moving average is $19.05. 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 (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly 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 return on equity of 15.39% and a net margin of 15.65%. The business had revenue of $2.35 billion for the quarter. On average, analysts expect that Perusahaan Perseroan will post 1.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.