American Century Companies Inc. Boosts Stake in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• American Century Companies Inc. raised its stake in PT Telekomunikasi Indonesia by 10.4% during Q1, acquiring an additional 60,697 shares to bring its total to 642,686 shares, valued at approximately $9.49 million.
• Several other institutional investors also increased their holdings, with Farther Finance Advisors LLC boosting its stake by 541.8% during the same period.
• PT Telekomunikasi Indonesia recently increased its annual dividend to $1.3038 per share from the previous $1.11, representing a substantial dividend yield of 580.0%.

American Century Companies Inc. grew its stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 642,686 shares of the utilities provider's stock after acquiring an additional 60,697 shares during the period. American Century Companies Inc. owned about 0.06% of PT Telekomunikasi Indonesia, Tbk worth $9,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of TLK. LPL Financial LLC bought a new position in PT Telekomunikasi Indonesia, Tbk in the 4th quarter worth approximately $285,000. Raymond James Financial Inc. bought a new position in PT Telekomunikasi Indonesia, Tbk in the 4th quarter worth approximately $707,000. Dimensional Fund Advisors LP boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 2.7% in 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. Jane Street Group LLC boosted its holdings in PT Telekomunikasi Indonesia, Tbk by 351.3% in the 4th quarter. Jane Street Group LLC now owns 77,163 shares of the utilities provider's stock worth $1,269,000 after buying an additional 60,064 shares during the period. Finally, Citadel Advisors LLC bought a new position in PT Telekomunikasi Indonesia, Tbk in the 4th quarter worth approximately $16,533,000.

PT Telekomunikasi Indonesia, Tbk Price Performance

NYSE TLK traded down $0.18 on Friday, hitting $19.38. The stock had a trading volume of 475,696 shares, compared to its average volume of 879,035. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 4.27 and a beta of 0.63. The firm has a 50-day moving average of $17.86 and a 200-day moving average of $16.41.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 12th were paid a $1.3038 dividend. The ex-dividend date was Thursday, June 12th. This represents a yield of 580.0%. This is a boost from PT Telekomunikasi Indonesia, Tbk's previous annual dividend of $1.11. PT Telekomunikasi Indonesia, Tbk's dividend payout ratio is currently 73.43%.

Wall Street Analyst Weigh In

Separately, New Street Research downgraded 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, According to MarketBeat, the stock currently has a consensus rating of "Hold".

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.