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. purchased a new position in shares of PT Telekomunikasi Indonesia, Tbk (NYSE:TLK - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 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 institutional investors and hedge funds have also made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 4th quarter worth approximately $16,533,000. Envestnet Asset Management Inc. raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 19.4% during 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 during the period. Dimensional Fund Advisors LP raised its position in shares of PT Telekomunikasi Indonesia, Tbk by 2.7% during 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 during the period. Ramirez Asset Management Inc. acquired a new stake in shares of PT Telekomunikasi Indonesia, Tbk during the 1st quarter worth approximately $3,861,000. Finally, Robeco Institutional Asset Management B.V. increased its position 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 valued at $2,428,000 after acquiring an additional 115,737 shares during the period.

PT Telekomunikasi Indonesia, Tbk Stock Down 0.3%

TLK opened at $20.02 on Tuesday. PT Telekomunikasi Indonesia, Tbk has a 12 month low of $13.15 and a 12 month high of $21.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.70. The stock has a market cap of $19.83 billion, a P/E ratio of 14.00, a P/E/G ratio of 4.42 and a beta of 0.63. The stock's 50 day moving average price is $17.35 and its 200 day moving average price is $16.14.

PT Telekomunikasi Indonesia, Tbk Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, New Street Research cut 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 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.

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