Northcape Capital Pty Ltd Has $15.12 Million Stake in PT Telekomunikasi Indonesia, Tbk $TLK

Northcape Capital Pty Ltd lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,125,872 shares of the utilities provider’s stock after purchasing an additional 48,584 shares during the quarter. PT Telekomunikasi Indonesia, Tbk accounts for approximately 2.0% of Northcape Capital Pty Ltd’s portfolio, making the stock its 7th largest position. Northcape Capital Pty Ltd owned about 0.11% of PT Telekomunikasi Indonesia, Tbk worth $15,120,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Lazard Asset Management LLC raised its stake in PT Telekomunikasi Indonesia, Tbk by 23.4% in the first quarter. Lazard Asset Management LLC now owns 25,129,891 shares of the utilities provider’s stock valued at $469,426,000 after purchasing an additional 4,770,126 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PT Telekomunikasi Indonesia, Tbk by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 693,271 shares of the utilities provider’s stock worth $12,932,000 after buying an additional 2,524 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 11.7% in the 1st quarter. Bank of America Corp DE now owns 565,985 shares of the utilities provider’s stock worth $10,573,000 after buying an additional 59,123 shares during the last quarter. Ramirez Asset Management Inc. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 545,405 shares of the utilities provider’s stock worth $11,481,000 after buying an additional 9,577 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% during the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock valued at $6,922,000 after buying an additional 402,344 shares in the last quarter.

Analyst Ratings Changes

TLK has been the subject of a number of research analyst reports. Zacks Research raised shares of PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PT Telekomunikasi Indonesia, Tbk currently has a consensus rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk Trading Down 1.3%

Shares of TLK opened at $14.90 on Tuesday. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 14.33 and a beta of 0.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.78 and a current ratio of 0.79. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.23 and a fifty-two week high of $23.51. The firm has a 50 day moving average price of $14.68 and a 200-day moving average price of $17.43.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its earnings results on Saturday, May 16th. The utilities provider reported $0.26 EPS for the quarter. The company had revenue of $2.19 billion for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.62% and a return on equity of 11.53%. As a group, equities research analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.71 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 18th were given a dividend of $1.2214 per share. This represents a yield of 824.0%. The ex-dividend date was Thursday, June 18th. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio is presently 90.38%.

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.