PT Telekomunikasi Indonesia, Tbk (NYSE:TLK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,205,267 shares of the utilities provider's stock after selling 316,233 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.42% of PT Telekomunikasi Indonesia, Tbk worth $62,532,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TLK. Citadel Advisors LLC purchased a new stake in shares of PT Telekomunikasi Indonesia, Tbk in the 4th quarter worth about $16,533,000. Dimensional Fund Advisors LP lifted its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,435 shares of the utilities provider's stock valued at $10,518,000 after purchasing an additional 16,915 shares in the last quarter. American Century Companies Inc. grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 8.4% in the fourth quarter. American Century Companies Inc. now owns 581,989 shares of the utilities provider's stock valued at $9,574,000 after purchasing an additional 44,907 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of PT Telekomunikasi Indonesia, Tbk by 237.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider's stock valued at $2,428,000 after purchasing an additional 115,737 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $2,270,000.

Wall Street Analyst Weigh In

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

PT Telekomunikasi Indonesia, Tbk Price Performance

PT Telekomunikasi Indonesia, Tbk stock traded up $0.18 during midday trading on Tuesday, reaching $17.12. 95,941 shares of the company were exchanged, compared to its average volume of 573,356. The firm's 50-day simple moving average is $16.48 and its 200-day simple moving average is $15.85. PT Telekomunikasi Indonesia, Tbk has a 1 year low of $13.15 and a 1 year high of $21.00. The company has a market capitalization of $16.95 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 2.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 0.89.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were paid a dividend of $1.3038 per share. This is an increase 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 5.8%. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is presently 70.95%.

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.