PNC Financial Services Group Inc. Buys 1,367 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

PNC Financial Services Group Inc. increased its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,717 shares of the utilities provider’s stock after purchasing an additional 1,367 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TLK. True Wealth Design LLC grew its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 4.9% during the 4th quarter. True Wealth Design LLC now owns 30,371 shares of the utilities provider’s stock worth $782,000 after buying an additional 1,409 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 529.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,939 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 2,472 shares during the period. Martin Currie Ltd. grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 1.1% during the 4th quarter. Martin Currie Ltd. now owns 874,515 shares of the utilities provider’s stock worth $22,528,000 after acquiring an additional 9,842 shares in the last quarter. Team Hewins LLC purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at about $278,000. Finally, US Bancorp DE raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% in the 4th quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock valued at $3,445,000 after purchasing an additional 12,583 shares in the last quarter.

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 Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

TLK opened at $18.06 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. Perusahaan Perseroan has a 12 month low of $16.62 and a 12 month high of $26.85. The stock has a fifty day moving average price of $18.61 and a 200-day moving average price of $22.61.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last announced its earnings results on Thursday, April 18th. The utilities provider reported $0.37 EPS for the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 16.12% and a return on equity of 15.72%. The business had revenue of $2.25 billion during the quarter. As a group, equities research analysts expect that Perusahaan Perseroan will post 1.72 earnings per share for the current year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Cuts Dividend

The company also recently announced an annual dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, May 20th were paid a $1.1116 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a yield of 8.8%. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk’s dividend payout ratio (DPR) is 52.17%.

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.