Factory Mutual Insurance Co. Buys New Stake in PT Telekomunikasi Indonesia, Tbk $TLK

Factory Mutual Insurance Co. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,020 shares of the utilities provider’s stock, valued at approximately $1,638,000.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter valued at $25,000. First Horizon Corp acquired a new position in PT Telekomunikasi Indonesia, Tbk in the 3rd quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 70.8% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 921 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,258.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,446 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,266 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 1,032.4% during the 2nd quarter. Allworth Financial LP now owns 2,412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 2,199 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk currently has an average rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.2%

NYSE TLK opened at $20.83 on Friday. The business’s 50-day moving average price is $21.26 and its 200 day moving average price is $20.34. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Monday, December 1st. The utilities provider reported ($0.01) EPS for the quarter. The company had revenue of ($4,514.03) million for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 14.78% and a return on equity of 13.86%. Research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Company Profile

PT Telekomunikasi Indonesia, Tbk, commonly known as Telkom Indonesia, is Indonesia’s largest integrated telecommunications provider. The company’s core operations encompass the provision of fixed-line and mobile voice services, broadband internet, and network infrastructure. It serves a broad customer base that includes residential subscribers, businesses, government agencies and wholesale partners, offering connectivity across urban and rural areas of Indonesia.

Telkom’s product and service portfolio spans consumer broadband and digital entertainment, enterprise ICT solutions, managed network services, data center and cloud platforms, and wholesale international connectivity.