34,669 Shares in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Acquired by Advisors Preferred LLC

Advisors Preferred LLC bought a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 34,669 shares of the utilities provider's stock, valued at approximately $516,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of 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 valued at $47,000 after acquiring an additional 2,660 shares during the period. SBI Securities Co. Ltd. lifted its holdings 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 valued at $65,000 after buying an additional 1,210 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% during the first 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. Blue Trust Inc. increased its position in shares of PT Telekomunikasi Indonesia, Tbk by 630.5% during the first 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 period. Finally, West Family Investments Inc. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the first quarter worth approximately $176,000.

Wall Street Analysts Forecast Growth

Separately, New Street Research downgraded shares of 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 Stock Down 0.4%

Shares of NYSE:TLK traded down $0.07 during trading on Friday, reaching $17.33. The stock had a trading volume of 596,373 shares, compared to its average volume of 459,197. PT Telekomunikasi Indonesia, Tbk has a one year low of $13.15 and a one year high of $21.00. The company has a market capitalization of $17.17 billion, a P/E ratio of 11.71, a PEG ratio of 2.73 and a beta of 0.60. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.14. The firm's 50-day simple moving average is $16.88 and its 200 day simple moving average is $15.92.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 12th were issued a $1.3038 dividend. This is a boost 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 70.27%.

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.