Callan Family Office LLC Makes New $239,000 Investment in PT Telekomunikasi Indonesia, Tbk $TLK

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 bought a new stake in PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,199 shares of the utilities provider's stock, valued at approximately $239,000.

Several other large investors have also recently bought and sold shares of the company. Invesco Ltd. bought a new position in PT Telekomunikasi Indonesia, Tbk in the first quarter valued at about $33,124,000. PNC Financial Services Group Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 7.7% during the first quarter. PNC Financial Services Group Inc. now owns 23,743 shares of the utilities provider's stock worth $351,000 after acquiring an additional 1,689 shares during the last quarter. Ramirez Asset Management Inc. acquired a new position in shares of PT Telekomunikasi Indonesia, Tbk in the first quarter worth approximately $3,861,000. Assetmark Inc. lifted its stake 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 worth $55,000 after acquiring an additional 3,449 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of PT Telekomunikasi Indonesia, Tbk by 39.7% in the first quarter. Avantax Advisory Services Inc. now owns 73,954 shares of the utilities provider's stock worth $1,092,000 after acquiring an additional 21,030 shares during the period.

Analysts Set New Price Targets

Separately, New Street Research lowered 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, PT Telekomunikasi Indonesia, Tbk presently has an average rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Trading Down 0.2%

TLK stock traded down $0.0350 during mid-day trading on Thursday, reaching $19.7750. The company's stock had a trading volume of 388,500 shares, compared to its average volume of 953,984. The company has a market cap of $19.59 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 4.36 and a beta of 0.63. The business's 50 day moving average price is $17.49 and its 200 day moving average price is $16.22. The company has a current ratio of 0.71, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $21.00.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

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.