182,493 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 182,493 shares of PT Telekomunikasi Indonesia, Tbk, worth approximately $2.7 million.
• PT Telekomunikasi Indonesia, Tbk's annual dividend was recently increased to $1.3038, marking a positive change from the previous dividend of $1.11.
• Analyst ratings for the stock have shifted, with New Street Research downgrading it from a "strong-buy" to a "hold" rating.

B. Metzler seel. Sohn & Co. AG bought a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 182,493 shares of the utilities provider's stock, valued at approximately $2,695,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in PT Telekomunikasi Indonesia, Tbk by 1.2% during the 1st quarter. Fifth Third Bancorp now owns 61,790 shares of the utilities provider's stock worth $913,000 after acquiring an additional 706 shares during the period. TD Private Client Wealth LLC increased its holdings in PT Telekomunikasi Indonesia, Tbk by 17.8% during the 1st quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock worth $85,000 after acquiring an additional 872 shares during the period. SBI Securities Co. Ltd. grew its stake in PT Telekomunikasi Indonesia, Tbk by 37.7% in the 1st quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock worth $65,000 after buying an additional 1,210 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in PT Telekomunikasi Indonesia, Tbk by 7.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 23,743 shares of the utilities provider's stock worth $351,000 after buying an additional 1,689 shares in the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in PT Telekomunikasi Indonesia, Tbk by 2.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 116,852 shares of the utilities provider's stock worth $1,726,000 after buying an additional 2,300 shares in the last quarter.

Analyst Ratings Changes

Separately, New Street Research cut shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of PT Telekomunikasi Indonesia, Tbk stock opened at $19.57 on Friday. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The stock has a market capitalization of $19.38 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 4.30 and a beta of 0.63. The company has a fifty day moving average of $17.80 and a 200-day moving average of $16.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

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 paid a $1.3038 dividend. This is a positive change from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. The ex-dividend date of this dividend was Thursday, June 12th. This represents a dividend yield of 580.0%. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is currently 73.43%.

About 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.

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