16,199 Shares in PT Telekomunikasi Indonesia, Tbk $TLK Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC has acquired 16,199 shares of PT Telekomunikasi Indonesia, Tbk, valued at approximately $239,000, signaling increased institutional interest in the company.
• The company has announced an increase in its annual dividend to $1.3038, which reflects a significant yield of 580.0%, up from the previous dividend of $1.11.
• Despite recent increases in holdings by several investors, New Street Research has downgraded PT Telekomunikasi Indonesia, Tbk's rating from "strong-buy" to "hold."

Callan Family Office LLC purchased a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,199 shares of the utilities provider's stock, valued at approximately $239,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings 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 buying an additional 2,660 shares in the last quarter. Assetmark Inc. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 1,368.7% in the first quarter. Assetmark Inc. now owns 3,701 shares of the utilities provider's stock valued at $55,000 after buying an additional 3,449 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of PT Telekomunikasi Indonesia, Tbk by 37.7% in the first 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 holdings in shares of PT Telekomunikasi Indonesia, Tbk by 17.8% in the first quarter. TD Private Client Wealth LLC now owns 5,782 shares of the utilities provider's stock valued at $85,000 after buying an additional 872 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in PT Telekomunikasi Indonesia, Tbk by 630.5% during 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 during the period.

PT Telekomunikasi Indonesia, Tbk Stock Down 1.1%

Shares of NYSE TLK traded down $0.2150 during mid-day trading on Tuesday, reaching $19.8150. The company had a trading volume of 1,512,280 shares, compared to its average volume of 696,976. PT Telekomunikasi Indonesia, Tbk has a twelve month low of $13.15 and a twelve month 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 stock has a market capitalization of $19.63 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 4.42 and a beta of 0.63. The stock's 50 day moving average is $17.35 and its 200-day moving average is $16.14.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

Analysts Set New Price Targets

Separately, New Street Research downgraded shares of PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

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.