Legacy Wealth Asset Management LLC Increases Stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Legacy Wealth Asset Management LLC raised its holdings in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 21.4% in the first quarter, Holdings Channel reports. The institutional investor owned 91,559 shares of the utilities provider’s stock after acquiring an additional 16,131 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors L.P. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 39.1% in the fourth quarter. Natixis Advisors L.P. now owns 358,525 shares of the utilities provider’s stock worth $9,234,000 after purchasing an additional 100,757 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 14.7% in the third quarter. American Century Companies Inc. now owns 372,213 shares of the utilities provider’s stock worth $8,970,000 after purchasing an additional 47,788 shares in the last quarter. Citigroup Inc. increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 44.9% in the third quarter. Citigroup Inc. now owns 221,001 shares of the utilities provider’s stock worth $5,326,000 after purchasing an additional 68,438 shares in the last quarter. CWM LLC increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 24.4% in the first quarter. CWM LLC now owns 3,130 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 613 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 10.4% in the fourth quarter. US Bancorp DE now owns 133,737 shares of the utilities provider’s stock worth $3,445,000 after purchasing an additional 12,583 shares in the last quarter.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Price Performance

Shares of NYSE:TLK traded down $0.02 during midday trading on Thursday, reaching $18.39. 163,011 shares of the company were exchanged, compared to its average volume of 571,151. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.87 and a quick ratio of 0.85. The business’s fifty day moving average is $18.47 and its two-hundred day moving average is $22.34. Perusahaan Perseroan has a one year low of $16.62 and a one year high of $26.85.

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

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Cuts Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 17th. Investors of record on Monday, May 20th were given a dividend of $1.1116 per share. 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 is 52.17%.

Wall Street Analysts Forecast Growth

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

About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

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.