7,903 Shares in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Bought by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) in the fourth quarter, Holdings Channel reports. The firm acquired 7,903 shares of the utilities provider’s stock, valued at approximately $204,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Janiczek Wealth Management LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.6% during the 4th quarter. Janiczek Wealth Management LLC now owns 9,473 shares of the utilities provider’s stock worth $244,000 after purchasing an additional 413 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 204.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 39,637 shares of the utilities provider’s stock worth $1,021,000 after purchasing an additional 26,630 shares during the last quarter. BSW Wealth Partners purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth $247,000. Augustine Asset Management Inc. increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% during the 4th quarter. Augustine Asset Management Inc. now owns 59,964 shares of the utilities provider’s stock valued at $1,545,000 after buying an additional 2,804 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 36.9% in the fourth quarter. Ballentine Partners LLC now owns 11,764 shares of the utilities provider’s stock valued at $303,000 after buying an additional 3,170 shares during the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE:TLK opened at $19.77 on Friday. Perusahaan Perseroan has a 52-week low of $19.51 and a 52-week high of $29.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.76 and a current ratio of 0.78. The business has a 50-day moving average price of $23.93 and a 200-day moving average price of $24.31.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its quarterly earnings results on Friday, March 22nd. The utilities provider reported $0.33 earnings per share for the quarter. The company had revenue of $2.43 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.11% and a net margin of 16.52%. As a group, equities research analysts predict that Perusahaan Perseroan will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “buy” rating to a “hold” rating in a research note on Friday, April 12th.

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.