Barometer Capital Management Inc. Makes New Investment in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Barometer Capital Management opened a new position in PT Telekomunikasi Indonesia, Tbk, buying 341,800 shares valued at about $6.4 million. The stake represents roughly 2.6% of its portfolio and is the fund’s 11th-largest holding.
• PT Telekomunikasi Indonesia, Tbk recently reported Q earnings of $0.26 per share on $2.19 billion in revenue, with net margin of 11.10% and return on equity of 10.75%. Analysts expect the company to post 2.04 EPS for the full year.
• The stock has traded below its 52-week high, opening at $14.97 with a 52-week range of $13.23 to $23.51. Analyst sentiment remains cautious, with an average rating of "Reduce" despite a few recent upgrades to hold.

Barometer Capital Management Inc. bought a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 341,800 shares of the utilities provider's stock, valued at approximately $6,385,000. PT Telekomunikasi Indonesia, Tbk makes up approximately 2.6% of Barometer Capital Management Inc.'s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 828.9% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider's stock worth $25,000 after buying an additional 1,177 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the second quarter worth $25,000. Kestra Advisory Services LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth $36,000. Global Retirement Partners LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth $40,000. Finally, Smartleaf Asset Management LLC grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the second quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 921 shares in the last quarter.

PT Telekomunikasi Indonesia, Tbk Stock Performance

PT Telekomunikasi Indonesia, Tbk stock opened at $14.97 on Wednesday. The firm has a fifty day simple moving average of $15.25 and a two-hundred day simple moving average of $18.09. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.23 and a twelve month high of $23.51. The company has a market capitalization of $14.83 billion, a PE ratio of 15.12, a P/E/G ratio of 2.73 and a beta of 0.37. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Get Free Report) last released its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. The company had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%. Research analysts expect that PT Telekomunikasi Indonesia, Tbk will post 2.04 EPS for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, July 20th. Shareholders of record on Thursday, June 18th were given a $1.2214 dividend. The ex-dividend date was Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk's payout ratio is presently 94.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded PT Telekomunikasi Indonesia, Tbk from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Weiss Ratings raised PT Telekomunikasi Indonesia, Tbk from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce".

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.

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