Barometer Capital Management Inc. Acquires Shares of 341,800 PT Telekomunikasi Indonesia, Tbk $TLK

Barometer Capital Management Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 341,800 shares of the utilities provider’s stock, valued at approximately $6,385,000. PT Telekomunikasi Indonesia, Tbk comprises about 2.6% of Barometer Capital Management Inc.’s portfolio, making the stock its 11th largest holding.

Several other large investors also recently modified their holdings of the business. Royal Bank of Canada increased its holdings in PT Telekomunikasi Indonesia, Tbk by 20.7% during the 1st quarter. Royal Bank of Canada now owns 366,681 shares of the utilities provider’s stock valued at $5,416,000 after purchasing an additional 62,882 shares during the period. Millennium Management LLC lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 606.8% in the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after buying an additional 402,344 shares during the period. Goldman Sachs Group Inc. grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 271.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 145,652 shares of the utilities provider’s stock worth $2,151,000 after buying an additional 106,481 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of PT Telekomunikasi Indonesia, Tbk by 136.0% during the second quarter. EverSource Wealth Advisors LLC now owns 3,511 shares of the utilities provider’s stock valued at $59,000 after buying an additional 2,023 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter valued at approximately $513,000.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of TLK opened at $14.97 on Wednesday. The company has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $18.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $14.83 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 2.73 and a beta of 0.37. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The firm had revenue of $2.19 billion for the quarter. On average, analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently declared an annual dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 18th were paid a $1.2214 dividend. This represents a yield of 824.0%. The ex-dividend date of this dividend was Thursday, June 18th. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is presently 94.95%.

Analysts Set New Price Targets

TLK has been the subject of a number of research analyst reports. Zacks Research raised PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings raised shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.