Legacy Wealth Asset Management LLC Increases Stock Position in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK)

Legacy Wealth Asset Management LLC lifted its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (NYSE:TLK - Free Report) by 31.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,970 shares of the utilities provider's stock after purchasing an additional 32,274 shares during the period. Legacy Wealth Asset Management LLC's holdings in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk were worth $1,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TLK. EverSource Wealth Advisors LLC raised its stake in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 49.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the utilities provider's stock valued at $33,000 after buying an additional 662 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $53,000. Blue Trust Inc. increased its position in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk by 74.0% during the fourth quarter. Blue Trust Inc. now owns 7,315 shares of the utilities provider's stock worth $120,000 after purchasing an additional 3,110 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $185,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk during the fourth quarter worth about $247,000.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Stock Performance

Shares of TLK traded up $0.14 during midday trading on Thursday, reaching $17.46. 164,652 shares of the stock were exchanged, compared to its average volume of 572,869. The business's 50-day moving average price is $15.65 and its 200 day moving average price is $15.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.69. Perusahaan Perseroan has a twelve month low of $13.15 and a twelve month high of $21.00. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.18 and a beta of 0.56.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Increases Dividend

The business also recently declared an annual dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 12th will be issued a dividend of $1.3038 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a dividend yield of 5.8%. This is a positive change from Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's previous annual dividend of $1.11. Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's dividend payout ratio (DPR) is currently 56.08%.

Perusahaan Perseroan (Persero) 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.