Northern Trust Corp Boosts Stock Holdings in PT Telekomunikasi Indonesia, Tbk $TLK

Northern Trust Corp raised its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 106.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855,287 shares of the utilities provider’s stock after purchasing an additional 440,426 shares during the period. Northern Trust Corp owned 0.09% of PT Telekomunikasi Indonesia, Tbk worth $12,633,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TLK. Farther Finance Advisors LLC boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 541.8% in the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 2,660 shares during the period. Assetmark Inc. boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% in the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 3,449 shares during the period. SBI Securities Co. Ltd. lifted its position in PT Telekomunikasi Indonesia, Tbk by 37.7% during the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,210 shares during the last quarter. TD Private Client Wealth LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 17.8% during the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 872 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in PT Telekomunikasi Indonesia, Tbk by 1,896.4% during the first quarter. Brooklyn Investment Group now owns 6,688 shares of the utilities provider’s stock valued at $99,000 after purchasing an additional 6,353 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, New Street Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Up 1.1%

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $19.26 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The company’s fifty day simple moving average is $18.11 and its two-hundred day simple moving average is $16.51. The company has a market cap of $19.07 billion, a P/E ratio of 13.47, a PEG ratio of 4.19 and a beta of 0.66. PT Telekomunikasi Indonesia, Tbk has a 12-month low of $13.15 and a 12-month high of $21.00.

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.