Advisors Preferred LLC Purchases New Holdings in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Advisors Preferred LLC purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,669 shares of the utilities provider's stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also bought and sold shares of TLK. Farther Finance Advisors LLC grew its position in PT Telekomunikasi Indonesia, Tbk by 541.8% during the 1st quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock worth $47,000 after acquiring an additional 2,660 shares during the last quarter. SBI Securities Co. Ltd. grew its position in PT Telekomunikasi Indonesia, Tbk by 37.7% during the 1st quarter. SBI Securities Co. Ltd. now owns 4,417 shares of the utilities provider's stock worth $65,000 after acquiring an additional 1,210 shares during the last quarter. TD Private Client Wealth LLC grew its position 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 last quarter. Blue Trust Inc. grew its position in PT Telekomunikasi Indonesia, Tbk by 630.5% during the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock worth $115,000 after acquiring an additional 6,708 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 1st quarter worth approximately $176,000.

Wall Street Analysts Forecast Growth

Separately, New Street Research lowered PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th.

PT Telekomunikasi Indonesia, Tbk Trading Down 0.9%

Shares of TLK stock traded down $0.17 during trading hours on Thursday, reaching $17.41. The company's stock had a trading volume of 439,638 shares, compared to its average volume of 476,732. The stock has a market capitalization of $17.24 billion, a P/E ratio of 11.76, a P/E/G ratio of 2.77 and a beta of 0.60. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $21.00. The firm's fifty day simple moving average is $16.86 and its 200 day simple moving average is $15.92. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14.

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 positive change from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. This represents a dividend yield of 5.8%. The ex-dividend date was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio (DPR) is currently 70.95%.

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.