87,020 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. bought a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) during the third quarter, Holdings Channel reports. The fund bought 87,020 shares of the utilities provider’s stock, valued at approximately $1,638,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its stake in PT Telekomunikasi Indonesia, Tbk by 4.1% during the third quarter. Savant Capital LLC now owns 15,290 shares of the utilities provider’s stock worth $288,000 after acquiring an additional 607 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 921 shares during the period. First Horizon Corp acquired a new stake in PT Telekomunikasi Indonesia, Tbk during the 3rd quarter worth approximately $26,000. Raymond James Financial Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the second quarter valued at approximately $25,000. Finally, CWM LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 54.3% in the second quarter. CWM LLC now owns 4,709 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,658 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.2%

Shares of NYSE:TLK opened at $20.83 on Friday. The business’s 50-day simple moving average is $21.26 and its 200 day simple moving average is $20.34. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings results on Monday, December 1st. The utilities provider reported ($0.01) earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 13.86% and a net margin of 14.78%.The company had revenue of ($4,514.03) million during the quarter. As a group, equities research analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 1.5 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk 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.