Parallel Advisors LLC Cuts Holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Parallel Advisors LLC trimmed its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK) by 37.6% during the first quarter, Holdings Channel reports. The fund owned 2,424 shares of the utilities provider’s stock after selling 1,463 shares during the period. Parallel Advisors LLC’s holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 8.4% during the 4th quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider’s stock worth $9,574,000 after acquiring an additional 44,907 shares during the period. Raymond James Financial Inc. purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at about $707,000. Victory Capital Management Inc. purchased a new position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the 4th quarter valued at about $544,000. Allspring Global Investments Holdings LLC increased its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,521,500 shares of the utilities provider’s stock valued at $74,966,000 after purchasing an additional 98,552 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk in the fourth quarter worth approximately $531,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

TLK opened at $17.56 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 2.18 and a beta of 0.60. The company’s 50 day moving average is $15.80 and its 200 day moving average is $15.90. Perusahaan Perseroan has a 12-month low of $13.15 and a 12-month high of $21.00.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, June 12th will be issued a $1.3038 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, June 12th. This is an increase from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk’s previous annual dividend of $1.11. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk’s payout ratio is 67.57%.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Company 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.