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DGS Capital Management LLC boosted its holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Free Report) by 51.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,086 shares of the utilities provider’s stock after acquiring an additional 43,853 shares during the period. DGS Capital Management LLC’s holdings in PT Telekomunikasi Indonesia, Tbk were worth $2,717,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 828.9% in the third quarter. Brown Brothers Harriman & Co. now owns 1,319 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,177 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of PT Telekomunikasi Indonesia, Tbk in the second quarter valued at about $25,000. Kestra Advisory Services LLC bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth about $36,000. Smartleaf Asset Management LLC boosted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 70.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,222 shares of the utilities provider’s stock worth $37,000 after buying an additional 921 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in PT Telekomunikasi Indonesia, Tbk in the 4th quarter valued at about $40,000.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Zacks Research cut shares of PT Telekomunikasi Indonesia, Tbk from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings upgraded PT Telekomunikasi Indonesia, Tbk from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
PT Telekomunikasi Indonesia, Tbk Stock Down 6.4%
TLK stock opened at $14.83 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.89 and a beta of 0.34. The business’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $19.26. PT Telekomunikasi Indonesia, Tbk has a fifty-two week low of $13.65 and a fifty-two week high of $23.51.
PT Telekomunikasi Indonesia, Tbk (NYSE:TLK – Get Free Report) last posted its earnings results on Saturday, May 16th. The utilities provider reported $0.26 earnings per share for the quarter. The company had revenue of $2.19 billion during the quarter. PT Telekomunikasi Indonesia, Tbk had a return on equity of 10.75% and a net margin of 11.10%. On average, equities 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 disclosed an annual dividend, which will be paid on Monday, July 20th. Shareholders of record on Thursday, June 18th will be paid a $1.2214 dividend. The ex-dividend date is Thursday, June 18th. This represents a yield of 824.0%. PT Telekomunikasi Indonesia, Tbk’s payout ratio is 106.06%.
About PT Telekomunikasi Indonesia, Tbk
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.
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