PT Telekomunikasi Indonesia, Tbk (TLK) Stake Raised by Saturna Capital CORP

Saturna Capital CORP lifted its position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,800 shares of the utilities provider’s stock after buying an additional 4,650 shares during the quarter. Saturna Capital CORP’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 0.8% during the second quarter. Raymond James Trust N.A. now owns 8,768 shares of the utilities provider’s stock worth $295,000 after buying an additional 67 shares during the period. Advisor Group Inc. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 11.5% during the second quarter. Advisor Group Inc. now owns 4,867 shares of the utilities provider’s stock worth $154,000 after buying an additional 501 shares during the period. Wetherby Asset Management Inc. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 2.5% during the second quarter. Wetherby Asset Management Inc. now owns 22,805 shares of the utilities provider’s stock worth $768,000 after buying an additional 551 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 34.6% during the second quarter. BNP Paribas Arbitrage SA now owns 3,639 shares of the utilities provider’s stock worth $123,000 after buying an additional 935 shares during the period. Finally, Citigroup Inc. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 19.7% during the second quarter. Citigroup Inc. now owns 6,556 shares of the utilities provider’s stock worth $221,000 after buying an additional 1,081 shares during the period. Institutional investors own 5.50% of the company’s stock.

TLK has been the subject of several recent analyst reports. Citigroup upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 7th. UBS cut shares of PT Telekomunikasi Indonesia, Tbk from a “neutral” rating to a “sell” rating in a research report on Friday, September 29th. Finally, Macquarie cut shares of PT Telekomunikasi Indonesia, Tbk from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. PT Telekomunikasi Indonesia, Tbk presently has a consensus rating of “Hold”.

Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) traded up $0.13 during midday trading on Wednesday, reaching $30.98. 294,000 shares of the company traded hands, compared to its average volume of 308,285. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $27.17 and a fifty-two week high of $36.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.19.

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About PT Telekomunikasi Indonesia, Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. The Corporate segment provides telecommunications services, including interconnection, leased lines, satellite, contact center, broadband access, information technology services, and data and Internet services to companies and institutions.

Institutional Ownership by Quarter for PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

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