Congress Wealth Management LLC DE Makes New $559,000 Investment in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Congress Wealth Management LLC DE bought a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLKGet Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,286 shares of the utilities provider’s stock, valued at approximately $559,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Augustine Asset Management Inc. lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 0.6% in the 4th quarter. Augustine Asset Management Inc. now owns 64,927 shares of the utilities provider’s stock valued at $1,882,000 after buying an additional 365 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 3.7% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 13,147 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 471 shares in the last quarter. Signaturefd LLC increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 12.9% during the fourth quarter. Signaturefd LLC now owns 9,755 shares of the utilities provider’s stock worth $283,000 after purchasing an additional 1,111 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth approximately $34,000. Finally, JJJ Advisors Inc. raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 60.5% in the 4th quarter. JJJ Advisors Inc. now owns 3,797 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 1,432 shares during the last quarter. 5.13% of the stock is owned by institutional investors and hedge funds.

Separately, StockNews.com initiated coverage on shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in a report on Thursday, March 31st. They set a “buy” rating for the company.

TLK opened at $32.86 on Tuesday. The firm has a market capitalization of $29.59 billion, a price-to-earnings ratio of 20.28 and a beta of 0.73. The company’s 50 day simple moving average is $31.31 and its two-hundred day simple moving average is $29.05. Perusahaan Perseroan has a 1-year low of $20.44 and a 1-year high of $33.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.59.

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Get Rating)

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides telecommunications, informatics, and network services worldwide. The company's Mobile segment offers mobile voice, SMS, and mobile broadband services; and digital services, including financial services, video on demand, music, gaming, IoT, big data analytics, and digital advertising services.

Further Reading

Institutional Ownership by Quarter for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

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