Robeco Institutional Asset Management B.V. Increases Position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Robeco Institutional Asset Management B.V. increased its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) by 237.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,386 shares of the utilities provider’s stock after purchasing an additional 115,737 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 49.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 662 shares in the last quarter. Fifth Third Bancorp boosted its position in PT Telekomunikasi Indonesia, Tbk by 1.2% during the first quarter. Fifth Third Bancorp now owns 61,790 shares of the utilities provider’s stock valued at $913,000 after purchasing an additional 706 shares in the last quarter. Manning & Napier Advisors LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 2.0% in the first quarter. Manning & Napier Advisors LLC now owns 116,852 shares of the utilities provider’s stock valued at $1,726,000 after purchasing an additional 2,300 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in PT Telekomunikasi Indonesia, Tbk by 541.8% in the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 2,660 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in PT Telekomunikasi Indonesia, Tbk in the fourth quarter worth about $53,000.

Analysts Set New Price Targets

Separately, New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 17th.

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK opened at $17.13 on Wednesday. The company has a 50 day moving average of $16.51 and a two-hundred day moving average of $15.86. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $21.00. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were given a $1.3038 dividend. This is a boost from PT Telekomunikasi Indonesia, Tbk’s previous annual dividend of $1.11. The ex-dividend date was Thursday, June 12th. This represents a dividend yield of 5.8%. PT Telekomunikasi Indonesia, Tbk’s dividend payout ratio (DPR) is presently 70.95%.

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.