Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC lifted its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 38.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,433 shares of the utilities provider’s stock after purchasing an additional 9,318 shares during the quarter. Kathmere Capital Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $744,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TLK. Mather Group LLC. acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the 1st quarter worth $40,000. EverSource Wealth Advisors LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 107.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,170 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 1,124 shares during the period. CWM LLC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 153.0% during the 4th quarter. CWM LLC now owns 2,517 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 1,522 shares during the period. Tower Research Capital LLC TRC lifted its position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 529.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,939 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 2,472 shares during the period. Finally, NewEdge Wealth LLC acquired a new stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter worth about $204,000.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk from a “hold” rating to a “buy” rating in a research report on Saturday, April 20th.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of TLK opened at $18.70 on Friday. The stock has a 50-day moving average of $18.53 and a two-hundred day moving average of $22.49. Perusahaan Perseroan has a one year low of $16.62 and a one year high of $26.85. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.16.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) last issued its quarterly earnings data on Thursday, April 18th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter. The business had revenue of $2.25 billion during the quarter. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk had a return on equity of 15.72% and a net margin of 16.12%. On average, research analysts forecast that Perusahaan Perseroan will post 1.72 earnings per share for the current fiscal year.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, May 20th were issued a $1.1116 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 8.8%. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk’s dividend payout ratio (DPR) is presently 52.17%.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Profile

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk provides information and communications technology, and telecommunications network services worldwide. The company operates through mobile, consumer, enterprise, Wholesale and International Business, and Other segments. The Mobile segment offers mobile voice, SMS, value added services, and mobile broadband services.