Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Sold by Cerity Partners LLC

Cerity Partners LLC trimmed its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 34.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,301 shares of the utilities provider’s stock after selling 4,902 shares during the period. Cerity Partners LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 26,970 shares of the utilities provider’s stock valued at $650,000 after purchasing an additional 579 shares in the last quarter. Caprock Group LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.6% in the 4th quarter. Caprock Group LLC now owns 14,953 shares of the utilities provider’s stock valued at $385,000 after purchasing an additional 651 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 9.2% in the 3rd quarter. Ballentine Partners LLC now owns 8,594 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 723 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.2% in the 3rd quarter. Fifth Third Bancorp now owns 64,632 shares of the utilities provider’s stock valued at $1,558,000 after purchasing an additional 793 shares in the last quarter. Finally, Whittier Trust Co. raised its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 5.0% during the 3rd quarter. Whittier Trust Co. now owns 16,548 shares of the utilities provider’s stock valued at $399,000 after acquiring an additional 795 shares in the last quarter.

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 Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK stock opened at $18.99 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.10 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.71 and a beta of 0.72. Perusahaan Perseroan has a 12-month low of $18.66 and a 12-month high of $29.35. The stock’s 50 day simple moving average is $23.15 and its 200 day simple moving average is $24.10.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last posted its quarterly earnings results on Thursday, April 18th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $2.25 billion for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 16.77% and a net margin of 16.12%. As a group, equities research analysts predict that Perusahaan Perseroan will post 1.69 EPS for the current 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.