Avantax Advisory Services Inc. Boosts Stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK)

Avantax Advisory Services Inc. raised its position in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) by 39.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,954 shares of the utilities provider's stock after purchasing an additional 21,030 shares during the quarter. Avantax Advisory Services Inc.'s holdings in PT Telekomunikasi Indonesia, Tbk were worth $1,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TLK. Farther Finance Advisors LLC lifted its position in PT Telekomunikasi Indonesia, Tbk by 541.8% during the first quarter. Farther Finance Advisors LLC now owns 3,151 shares of the utilities provider's stock valued at $47,000 after buying an additional 2,660 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of 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 acquiring an additional 1,210 shares in the last quarter. TD Private Client Wealth LLC boosted 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 purchasing an additional 872 shares during the period. Blue Trust Inc. increased its holdings in PT Telekomunikasi Indonesia, Tbk by 630.5% in the 1st quarter. Blue Trust Inc. now owns 7,772 shares of the utilities provider's stock valued at $115,000 after purchasing an additional 6,708 shares in the last quarter. Finally, West Family Investments Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $176,000.

Analyst Ratings Changes

Separately, New Street Research downgraded 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 Up 1.2%

TLK opened at $17.81 on Friday. The firm's 50 day moving average is $16.95 and its 200-day moving average is $15.97. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $17.64 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.77 and a beta of 0.63.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

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