Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,421 shares of the utilities provider’s stock after acquiring an additional 18,035 shares during the quarter. DGS Capital Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TLK. Ballentine Partners LLC raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 50.9% in the 4th quarter. Ballentine Partners LLC now owns 16,358 shares of the utilities provider’s stock worth $269,000 after purchasing an additional 5,517 shares during the period. Northcape Capital Pty Ltd grew its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 17.2% during the fourth quarter. Northcape Capital Pty Ltd now owns 529,865 shares of the utilities provider’s stock worth $8,716,000 after buying an additional 77,655 shares during the period. GAMMA Investing LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.5% in the fourth quarter. GAMMA Investing LLC now owns 1,506 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 643 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 42,484 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 10,070 shares during the period. Finally, TD Private Client Wealth LLC boosted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 31.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,870 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 1,165 shares during the period.

Wall Street Analyst Weigh In

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of NYSE TLK opened at $17.04 on Friday. Perusahaan Perseroan has a 12-month low of $15.35 and a 12-month high of $26.85. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The company has a market cap of $16.88 billion, a PE ratio of 11.83, a P/E/G ratio of 1.46 and a beta of 0.78. The stock has a 50 day simple moving average of $16.63 and a 200-day simple moving average of $18.12.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.12% and a return on equity of 14.86%. The firm had revenue of $2.34 billion during the quarter. On average, equities research analysts forecast that Perusahaan Perseroan will post 1.65 EPS for the current year.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.