Envestnet Asset Management Inc. Decreases Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Envestnet Asset Management Inc. decreased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 741,011 shares of the utilities provider's stock after selling 194,690 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk worth $12,190,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TLK. Pitcairn Co. raised its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.2% in the fourth quarter. Pitcairn Co. now owns 29,107 shares of the utilities provider's stock worth $479,000 after buying an additional 5,662 shares during the period. Allianz SE bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth approximately $921,000. Norges Bank purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at approximately $2,270,000. LPL Financial LLC bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter worth approximately $285,000. Finally, American Century Companies Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% in the fourth quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock worth $9,574,000 after purchasing an additional 44,907 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of TLK traded up $0.03 during trading hours on Wednesday, reaching $15.55. 115,301 shares of the stock traded hands, compared to its average volume of 769,475. The company has a market cap of $15.40 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 2.18 and a beta of 0.62. 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's 50-day moving average price is $14.87 and its two-hundred day moving average price is $16.25. Perusahaan Perseroan has a 52-week low of $13.15 and a 52-week high of $21.00.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Get Free Report) last announced its quarterly earnings results on Friday, April 18th. The utilities provider reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a net margin of 15.12% and a return on equity of 14.86%. On average, analysts anticipate that Perusahaan Perseroan will post 1.5 earnings per share for the current year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk 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.