Invesco Ltd. Invests $33.12 Million in PT Telekomunikasi Indonesia, Tbk $TLK

Key Points

• Invesco Ltd. has invested approximately $33.12 million in PT Telekomunikasi Indonesia, Tbk, acquiring 2,242,658 shares, representing 0.23% of the company by the end of the last quarter.
• PT Telekomunikasi Indonesia recently increased its annual dividend to $1.3038, reflecting a yield of 580.0%, up from the previous $1.11.
• Analysts at New Street Research downgraded PT Telekomunikasi Indonesia from a "strong-buy" to a "hold" rating in June.

Invesco Ltd. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,242,658 shares of the utilities provider's stock, valued at approximately $33,124,000. Invesco Ltd. owned 0.23% of PT Telekomunikasi Indonesia, Tbk at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter valued at approximately $16,533,000. Envestnet Asset Management Inc. lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 19.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 884,939 shares of the utilities provider's stock worth $13,071,000 after purchasing an additional 143,928 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 16,915 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in PT Telekomunikasi Indonesia, Tbk in the 1st quarter worth approximately $3,861,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in PT Telekomunikasi Indonesia, Tbk by 237.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 164,386 shares of the utilities provider's stock worth $2,428,000 after purchasing an additional 115,737 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, New Street Research cut PT Telekomunikasi Indonesia, Tbk from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, PT Telekomunikasi Indonesia, Tbk has a consensus rating of "Hold".

PT Telekomunikasi Indonesia, Tbk Price Performance

Shares of TLK traded up $0.1350 during mid-day trading on Friday, hitting $19.8850. 417,481 shares of the stock were exchanged, compared to its average volume of 951,497. The company has a market cap of $19.70 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.63. PT Telekomunikasi Indonesia, Tbk has a 52-week low of $13.15 and a 52-week high of $21.00. The firm has a 50-day moving average of $17.55 and a two-hundred day moving average of $16.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.71.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

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.