Allspring Global Investments Holdings LLC Sells 316,233 Shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Allspring Global Investments Holdings LLC decreased its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 0.42% of PT Telekomunikasi Indonesia, Tbk worth $62,532,000 at the end of the most recent quarter.

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

PT Telekomunikasi Indonesia, Tbk Stock Performance

Shares of NYSE:TLK traded down $0.16 on Thursday, reaching $16.87. 503,675 shares of the company's stock were exchanged, compared to its average volume of 575,961. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month high of $21.00. The company has a fifty day moving average of $16.54 and a 200-day moving average of $15.86. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.70 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.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The business also recently declared an annual dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 12th were paid 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 of this dividend was Thursday, June 12th. PT Telekomunikasi Indonesia, Tbk's payout ratio is 70.95%.

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 report on Tuesday, June 17th.

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.