PT Telekomunikasi Indonesia, Tbk $TLK Shares Acquired by Advisors Preferred LLC

Advisors Preferred LLC boosted its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 371.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,978 shares of the utilities provider’s stock after purchasing an additional 37,796 shares during the quarter. Advisors Preferred LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $896,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 34.6% in the third quarter. Lazard Asset Management LLC now owns 20,071,706 shares of the utilities provider’s stock valued at $377,750,000 after acquiring an additional 5,154,799 shares during the last quarter. Northcape Capital Pty Ltd increased its stake in PT Telekomunikasi Indonesia, Tbk by 111.4% during the fourth quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock worth $27,222,000 after acquiring an additional 662,110 shares during the last quarter. Millennium Management LLC raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 606.8% in the 1st quarter. Millennium Management LLC now owns 468,651 shares of the utilities provider’s stock worth $6,922,000 after purchasing an additional 402,344 shares during the period. First Trust Advisors LP raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,041.8% in the 3rd quarter. First Trust Advisors LP now owns 345,772 shares of the utilities provider’s stock worth $6,507,000 after purchasing an additional 315,488 shares during the period. Finally, UBS Group AG raised its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% in the 3rd quarter. UBS Group AG now owns 323,974 shares of the utilities provider’s stock worth $6,097,000 after purchasing an additional 134,316 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE:TLK opened at $14.13 on Wednesday. The business’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $18.32. The company has a market cap of $13.99 billion, a P/E ratio of 14.27, a PEG ratio of 2.55 and a beta of 0.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.92. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.23 and a one year high of $23.51.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last released its quarterly earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%.The firm had revenue of $2.19 billion during the quarter. On average, sell-side analysts forecast that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current fiscal year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Monday, July 20th. Investors of record on Thursday, June 18th will be paid a dividend of $1.2214 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 94.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Zacks Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About PT Telekomunikasi Indonesia, Tbk

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.