Wells Fargo & Company MN Sells 47,135 Shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Wells Fargo & Company MN cut its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,843 shares of the utilities provider's stock after selling 47,135 shares during the period. Wells Fargo & Company MN's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $3,156,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TLK. Allspring Global Investments Holdings LLC grew its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider's stock worth $74,966,000 after acquiring an additional 98,552 shares during the period. American Century Companies Inc. lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% during the fourth quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock valued at $9,574,000 after purchasing an additional 44,907 shares in the last quarter. Northcape Capital Pty Ltd lifted its holdings 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 acquiring an additional 77,655 shares during the period. Haven Global Partners LLC bought a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter valued at about $3,291,000. Finally, Norges Bank bought a new position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at approximately $2,270,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

NYSE TLK traded down $0.50 during trading on Friday, hitting $15.38. 619,350 shares of the company's stock traded hands, compared to its average volume of 567,806. The business has a 50 day moving average of $14.86 and a 200-day moving average of $16.19. The stock has a market capitalization of $15.23 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 2.18 and a beta of 0.62. Perusahaan Perseroan has a 12-month low of $13.15 and a 12-month high of $21.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.69 and a current ratio of 0.70.

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.