Himension Capital Singapore PTE. LTD. Raises Position in PT Telekomunikasi Indonesia, Tbk $TLK

Himension Capital Singapore PTE. LTD. lifted its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 262.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 119,283 shares of the utilities provider’s stock after acquiring an additional 86,363 shares during the period. Himension Capital Singapore PTE. LTD.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TLK. Northcape Capital Pty Ltd boosted its stake in PT Telekomunikasi Indonesia, Tbk by 111.4% during the 4th quarter. Northcape Capital Pty Ltd now owns 1,256,211 shares of the utilities provider’s stock valued at $27,222,000 after purchasing an additional 662,110 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of PT Telekomunikasi Indonesia, Tbk by 51.5% in the fourth quarter. DGS Capital Management LLC now owns 129,086 shares of the utilities provider’s stock worth $2,717,000 after purchasing an additional 43,853 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 18.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 387,192 shares of the utilities provider’s stock valued at $8,150,000 after purchasing an additional 59,060 shares in the last quarter. Advisors Preferred LLC lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 371.2% during the first quarter. Advisors Preferred LLC now owns 47,978 shares of the utilities provider’s stock valued at $896,000 after purchasing an additional 37,796 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of PT Telekomunikasi Indonesia, Tbk by 20.6% during the fourth quarter. UBS Group AG now owns 390,688 shares of the utilities provider’s stock valued at $8,224,000 after buying an additional 66,714 shares during the last quarter.

PT Telekomunikasi Indonesia, Tbk Price Performance

NYSE TLK opened at $14.97 on Wednesday. PT Telekomunikasi Indonesia, Tbk has a 52 week low of $13.23 and a 52 week high of $23.51. The firm has a market capitalization of $14.83 billion, a P/E ratio of 15.12, a PEG 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. The company has a 50-day moving average price of $15.25 and a 200-day moving average price of $18.09.

PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) last posted its quarterly earnings data on Saturday, May 16th. The utilities provider reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $2.19 billion for the quarter. PT Telekomunikasi Indonesia, Tbk had a net margin of 11.10% and a return on equity of 10.75%. Equities research analysts anticipate that PT Telekomunikasi Indonesia, Tbk will post 2.04 earnings per share for the current year.

PT Telekomunikasi Indonesia, Tbk Cuts Dividend

The firm also recently declared 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 dividend payout ratio (DPR) is presently 94.95%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TLK. Zacks Research upgraded PT Telekomunikasi Indonesia, Tbk from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

PT Telekomunikasi Indonesia, Tbk 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.