B. Metzler seel. Sohn & Co. AG Makes New $2.70 Million Investment in PT Telekomunikasi Indonesia, Tbk $TLK

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 acquired a new position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 182,493 shares of the utilities provider's stock, valued at approximately $2,695,000.

Several other hedge funds have also added to or reduced their stakes in TLK. Fifth Third Bancorp raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 1.2% in 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 during the period. TD Private Client Wealth LLC raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock valued at $85,000 after purchasing an additional 872 shares during the period. SBI Securities Co. Ltd. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% in the first quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock valued at $65,000 after purchasing an additional 1,210 shares during the period. PNC Financial Services Group Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 7.7% in the first quarter. PNC Financial Services Group Inc. now owns 23,743 shares of the utilities provider's stock valued at $351,000 after purchasing an additional 1,689 shares during the period. Finally, Manning & Napier Advisors LLC raised its position in shares of 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 period.

PT Telekomunikasi Indonesia, Tbk Price Performance

PT Telekomunikasi Indonesia, Tbk stock traded up $0.07 during midday trading on Wednesday, reaching $18.99. 69,379 shares of the stock were exchanged, compared to its average volume of 683,245. 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 has a 52 week low of $13.15 and a 52 week high of $21.00. The firm has a market cap of $18.81 billion, a PE ratio of 13.28, a PEG ratio of 4.27 and a beta of 0.66. The company's fifty day moving average is $17.99 and its 200-day moving average is $16.46.

Analyst Upgrades and Downgrades

Separately, New Street Research lowered shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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.